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Fintech

From London to Silicon Valley: What a Biden administration means for British fintech

Wall Street veterans, the battle with big tech and a new immigration policy will all be part of Biden's new fintech playbook

By

Emily Nicolle

The Biden-Harris administration is expected to be tough on major technology firms, which could be good news for small and medium-sized UK tech companies.
The Biden-Harris administration is expected to be tough on major technology firms, which could be good news for small and medium-sized UK tech companies. Photo: Getty Images

The US is viewed as the golden goose for many UK fintech firms, with everyone from TransferWise to Monzo making the leap in recent years.

The appeal also goes two ways, with data from Dealroom showing that US firms accounted for 60% of investment in UK fintech firms in the first nine months of 2020.

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