Manchester’s fintech companies are part of a booming ecosystem of novel financial tools, digital innovations to legacy technology and processes, cryptocurrencies and neobanks. The United Kingdom leads Europe in the financial technology category, and has produced five of the most valuable fintech unicorns in Europe. This regional dominance is bolstered by fintechs in cities like Manchester. Read on to learn what these companies are bringing to the table.
Fintech Companies in Manchester
- Starling Bank
- Oodle Car Finance
- AccessPay
- thinkmoney
- BNY
Top Fintech Companies in Manchester
Starling Bank provides traditional banking services for personal and commercial accounts through its mobile app. As a neobank, Starling does not maintain brick-and-mortar banking locations, but it partners with the United Kingdom’s postal system so that users can deposit and withdraw funds at local Post Office branches.
Oodle Car Finance is a fintech company that offers financing terms for vehicle purchases. The company positions itself as an alternative to dealership-based or bank-based financing, and provides digital pre-approvals in seconds to interested users. If accepted, users receive next-day funds they can apply to anywhere they choose to purchase their vehicle, including the peer-to-peer sales that are typically challenging to finance through traditional lenders.
AccessPay is a U.K.-founded financial technology platform that connects financial services applications with banks and payment processors. When clients use AccessPay, they are able to provide automated payment processing options to their users and can retrieve authorized funds from user accounts. AccessPay accounts include debit cards that can be used for purchases both in the United Kingdom and abroad.
Financial services provider and electronic money institution thinkmoney offers digital banking tools at a fixed monthly rate as well as credit cards, lending and financial wellbeing tools for users. As a subsidiary of the Royal Bank of Scotland, the company holds client funds in RBS trust accounts. Its credit cards are issued by, and in partnership with, Capital One.
BNY works with institutional and individual clients to manage wealth, transact in global markets and strategically invest resources for short- and long-term revenue. Though the company in its current form was established in 2007 through the merger of the Bank of New York and the Mellon Financial Corporation, its history dates back to 1784. Though it’s one of the oldest banks in the world still in operation, it continues to invest in a number of technology initiatives
