After starting 2023 with a bang – hats off to Stripe’s $6.6 billion fundraising round – fintech has since experienced a significant slowdown, with funding and deals falling to levels not seen since 2017. Despite this, new fintech jobs are being announced every week, particularly in London.
CB information State of Fintech Report Q2 reveals that global fintech funding has fallen by nearly half to $7.8 billion, mega-round funding has hit a six-year low, and payments funding has fallen by 75% each quarter.
The only regions to see growth in the second quarter were Latin America and the Caribbean, where financing more than doubled.
In London, the figures are in line with global trends. For the first half of 2023, KPMG reported Total Fintech Funding in EMEA Drops from £21 billion in the second half of 2022 to just £8.8 billion in the first half of 2023, a drop of 57% in one year.
However, change is on the horizon and while things may seem quiet, the government recently passed the Financial Services and Markets Act 2023 to strengthen the UK’s attractiveness and competitiveness for fintech.
The new legislation gives the government the power to introduce regulatory sandboxes for fintech companies, while providing a single, non-EU regulatory environment for new and established companies.
In addition, a group of financial institutions has partnered with the government for the Fintech Growth Fundwhich aims to support growing UK fintechs to reach the IPO stage faster through an investment fund of up to £1bn.
New fintech roles are being added to the UKTN Job Board Every week, with jobs across the UK, remote opportunities and a significant concentration of roles in London. Check out the three below and visit the council to find out more.
Senior Product Manager ETF Technology, Client Server, London
If you have a solid understanding of exchange traded funds (ETFs) and are an experienced product owner, check this out Senior ETF Technology Product Owner You will be working in a growing fintech company. In this role, you will use your knowledge of back-office processes and ETFs to lead cross-functional teams of software developers, QA test engineers and project managers.
By building IT systems and ETF technologies, you will understand technology and its benefits, have advanced communication skills, stakeholder management experience, and meticulous technical documentation skills. The organization has a hybrid work policy, which means you will join your colleagues in the city office three days a week, with two optional days at home.
Apply now to learn more.
.NET Developer, Noir Consulting, London
An ambitious fintech startup has a number of vacancies for .NET Developers to work with some of the most innovative minds in private wealth management and financial software development. Experience in .NET, .NET Core / ASP.NET MVC, C# and SQL Server is required, while additional training in .NET 7, JavaScript, Azure, AWS and more is offered.
Successful candidates will work on a technically complex project, developing a new application from scratch. These positions come with a number of benefits, including company shares, a pension plan, private healthcare and an education budget. Remote work is also possible.
Learn more about this role here.
Product Manager, ClearCourse, London
If you have at least three to five years of experience in an agile software development environment, then this product owner This role could be right for you. ClearCourse is a software and payments company founded in 2018 with offices in London and across the UK, providing software and payments to businesses from SMEs to national retailers and well-known charities.
The successful candidate will define and implement the future roadmap for the organisation’s Point of Sale (POS) product offering. Working collaboratively and cross-functionally internally and with clients, you should be familiar with ISVs and software platforms, such as EPOS systems. Working from London, Manchester or Maidenhead, in a hybrid model if preferred.
Learn more here.
To see more fintech roles, bookmark the UKTN job board today and check back weekly
This article is part of a paid article partnership with the career market Work biography to share the most exciting tech jobs in the UK with UKTN readers.