Complete List of Startup Unicorns in United Kingdom in 2023

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What is a startup "unicorn"? The term unicorn refers to a privately held startup company with a value of over $1 billion. Below is a list of the top startup unicorns in United Kingdom, updated for 2023.

Zopa

Zopa is a peer-to-peer lending company that directly matches people looking for a low-rate loan with investors looking for a higher rate of return. It was founded in 2005 and is based in London, England.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Zilch

Zilch offers a 'buy now, pay later' service that allows users to pay for a purchase in the course of six weeks without any fees or interest. ZilchĘĽs transparent and customer centric credit alternative is designed with regulators to ensure consumer protection and financial health from the start. Utilizing sophisticated Open Banking technology and so credit checks, Zilch uses its real-time view and understanding of customerĘĽs affordability to give accurate recommendations of what they can afford to borrow. Zilch was founded in 2018 and is based in London, England.

Details

  • Valuation:
    $
    2
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
ZEPZ

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.

Details

  • Valuation:
    $
    5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Zego

Zego provides pay-as-you-go insurance for drivers and riders working for sharing economy companies including Deliveroo, UberEATS, Jinn and Amazon who only pay, via an app or top up card, for cover for the hours they work.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
TrueLayer

TrueLayer offers developers an easy way to access the bank data they need to build financial apps and services, helping startups and banks alike to drive products in financial services. TrueLayer supports account verification, KYC processes, and transactional data for account aggregation, credit scoring, and risk assessment.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Tripledot

Tripledot is an independent mobile games studio based in London, England, and Minsk, Belarus.

Details

  • Valuation:
    $
    1.4
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Mobile & telecommunications
  • Website:
    Click here
Tractable

Tractable develops artificial intelligence systems for accident and disaster recovery. Its AI solutions process over $2B a year in vehicle repairs and purchases, and have been deployed by insurers across Europe, North America, and Asia, helping households recover from accidents faster.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Artificial intelligence
  • Website:
    Click here
Thought Machine

Thought Machine aims to change banking through its Vault software. Vault can run any type of banking product, from mortgages to current accounts. It has a workflow engine that defines how the bank operates. All data runs in real-time within the system, meaning data analytics and regulatory reporting can be fully automated. Customer apps and APIs create the ability to have fully automated customer interaction. Thought Machine was founded in 2014 and is based in London, England.

Details

  • Valuation:
    $
    2.7
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
The Bank of London

The Bank of London is a purpose-built clearing agency and transaction bank. The company uses technology and differentiated bank capabilities to help clients launch fully compliant financial products and services, in-country and across borders.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
SumUp

SumUp is a financial technology company that allows businesses of all sizes to receive payments. Its platform allows businesses to accept card payments in-store, in-app, and online, in a simple, secure, and cost-effective way. The company was formerly known as Ka-Ching Payments. It was founded in 2011 and is based in London, England.

Details

  • Valuation:
    $
    8.5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Starling Bank

Starling is a United Kingdom-based, mobile-only bank offering personal, joint, and business accounts. Starling Bank lets people visualize and manage their finances in real-time, all from one app. Starling Bank was founded in 2014 and is based in London, England.

Details

  • Valuation:
    $
    3.34
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Spectrum Medical

Spectrum Medical is a manufacturer of oxygen saturation devices that are used in ECMO and Open Heart Surgery.Spectrum Medical supplies Clinical Information Solutions that include Medical Device Connectivity Technologies, Electronic Medical Record Systems, Telemedicine Capabilities and Compliance and Patient Safety Solutions. Spectrum Medical also supplies Non-invasive Diagnostics Systems for extracorporeal procedures.The company was founded in 2007 and is based in Gloucester, England.

Details

  • Valuation:
    $
    1.2
    Billion
  • City:
    Gloucester
  • Country:
    United Kingdom
  • Industry:
    Health
  • Website:
    Click here
SaltPay

SaltPay operates as a financial technology company that specializes in payments, ePOS and management tools.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Revolut

Revolut offers a personal money cloud, cutting hidden banking fees to zero. It allows users to exchange currencies at perfect interbank rates, send money through social networks and spend with a multi-currency card everywhere MasterCard is accepted. All this is done at the touch of a button, in a mobile application. The company's goal is to completely remove all hidden banking costs.

Details

  • Valuation:
    $
    33
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Rapyd

Rapyd builds technology that removes the back-end complexities of cross-border commerce while providing local payments expertise. Global e-commerce companies, technology firms, marketplaces, and financial institutions use its fintech-as-a-service platforms—Collect, Disburse, Wallet, and Issuing—to embed localized fintech and payments capabilities into their applications in a simple way.

Details

  • Valuation:
    $
    8.75
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Radius Payment Solutions

Radius Payment Solutions is a UK-headquartered provider of fuel cards for vehicle fleets. Customers can utilize these products via the web portal "Velocity," which allows users to run reports in real-time to maximize efficiency.

Details

  • Valuation:
    $
    1.07
    Billion
  • City:
    Crewe
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
PPRO

PPRO is a full-service partner for PSPs and payment providers in the e-payment environment as well as an e-money specialist for corporates and consumers. PPRO delivers payment products and services – 'The Payment Professionals'. PPRO offers a full range of flexible services for the payment industry as well as e-money issuing programs for consumers and corporates. Headquartered in the UK, PPRO is FCA licensed to issue e-money, is a principal member of Mastercard and VISA, and continues to strengthen its links with alternative payment method schemes and banks around the world.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Payhawk

Payhawk issues company cards and helps companies to manage their expenses by combining credit cards, payments, expenses, and cash into one integrated experiencе. It issues virtual and physical cards and allows users to pay bills with free bank transfers. It also reimburses employees without cards and automates data entry and reconciliation. Its corporate cards feature built-in spend policies for greater control.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
PayFit

PayFit develops a SaaS payroll and HR platform that focuses on the needs of small and medium companies.

Details

  • Valuation:
    $
    2.1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Paddle

Paddle provides a SaaS-based checkout, e-commerce, marketing, and analytics platform which enables developers to sell software and manage time-consuming operations such as acquiring customers, managing "free trial" periods, recurring billing, handling customer support, international sales taxes, and more. It was founded in 2012 and is based in London, England.

Details

  • Valuation:
    $
    1.4
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
OVO Energy

OVO Energy is an independent supplier of domestic energy in the UK. The company was founded in 2009 and is based in Bristol, England.

Details

  • Valuation:
    $
    1.28
    Billion
  • City:
    Bristol
  • Country:
    United Kingdom
  • Industry:
    Other
  • Website:
    Click here
OakNorth Bank

OakNorth is a start-up specialist bank that provides business and property loans, as well as personal and business savings.

Details

  • Valuation:
    $
    5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Multiverse

Multiverse matches ambitious non-graduate talent to professional services and digital roles, then delivers job-relevant applied learning over the course of their apprenticeship. The company was founded in 2016 and is based in London, England.

Details

  • Valuation:
    $
    1.7
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Edtech
  • Website:
    Click here
Motorway

Motorway is a used car marketplace, connecting consumer sellers to professional car buyers through its price comparison website. Consumer car sellers can instantly see live offers from multiple car buying services and specialist dealerships. They can compare headline offers and read buyer reviews, fees, and collection options to find the best deal. As a two-sided marketplace, the company's buyer platform provides a fast and efficient way for car buying firms to buy the best used car stock, direct from consumers, cutting out middlemen.

Details

  • Valuation:
    $
    1.33
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Monzo

Monzo operates as a digital bank for users to track spending, split bills, send money and more using a mobile phone.

Details

  • Valuation:
    $
    4.5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Matillion

Matillion provides a complete data integration and transformation solution that is purpose-built for the cloud and cloud data warehouses. Optimized for modern enterprise data teams, Matillion is built on native integrations to cloud data platforms, such as Snowflake, Delta Lake on Databricks, Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse, to enable efficiency and productivity across any organization. The company works with financial institutions to automate data loading, transformation, and synchronization. Matillion was founded in 2011 and is based in Altrincham, England.

Details

  • Valuation:
    $
    1.5
    Billion
  • City:
    Altrincham
  • Country:
    United Kingdom
  • Industry:
    Data management & analytics
  • Website:
    Click here
Marshmallow

Marshmallow aims to use big data and algorithms to underwrite and provide more competitive rates for car insurance, with a focus initially on the UK.

Details

  • Valuation:
    $
    1.25
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
ManyPets

ManyPets provides insurance for cats and dogs. The company's services include online claims and veterinarian video calls. Its products include lifetime vet fee cover and dental cover. The company services consumers in the United Kingdom, the United States, and Sweden. ManyPets was formerly known as Bought by Many and rebranded in March 2022. ManyPets was founded in 2012 and is based in London, United Kingdom.

Details

  • Valuation:
    $
    2.35
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Lendable

Lendable is a lending platform providing instant loans at fair rates.

Details

  • Valuation:
    $
    4.58
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Improbable

Improbable develops an operating environment that makes building-simulated worlds possible. With its SpatialOS technology, worlds can be run in real-time, simulating the behaviors and interactions of millions of entities. Improbable creates spaces with their own rules and properties that a multitude of people can simultaneously change, explore, and visualize in as many different ways as developers can imagine. It was founded in 2012 and is based in London, England.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Other
  • Website:
    Click here
Howden Group Holdings

Howden Group Holdings is an international insurance intermediary group with insurance broking and underwriting agency arms.

Details

  • Valuation:
    $
    5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Other
  • Website:
    Click here
Hopin

Hopin is a proprietary video teleconferencing online conference-hosting platform

Details

  • Valuation:
    $
    7.75
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Internet software & services
  • Website:
    Click here
Gymshark

Gymshark is a fitness apparel and accessories brand, manufacturer and online retailer.

Details

  • Valuation:
    $
    1.45
    Billion
  • City:
    Solihull
  • Country:
    United Kingdom
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Greensill

Greensill is a UK-based financing group that offers working capital to companies globally. The company provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment, while at the same time preserving their own capital position.

Details

  • Valuation:
    $
    4
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Graphcore

Graphcore is a Bristol, UK-based AI chipmaker specializing in Intelligence Processing Unit (IPU) products specifically designed for artificial intelligence.

Details

  • Valuation:
    $
    2.77
    Billion
  • City:
    Bristol
  • Country:
    United Kingdom
  • Industry:
    Artificial intelligence
  • Website:
    Click here
Gousto

Gousto delivers organic, local produce in exact portion sizes for specific recipes, which aims to eliminate any waste and encourages healthier, delicious, and convenient home-cooked dining.

Details

  • Valuation:
    $
    1.7
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
GoCardless

GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.

Details

  • Valuation:
    $
    2.1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Gett

Gett is a technology platform focused on corporate Ground Transportation Management (GTM). Gett’s cloud-based software organizes thousands of transportation providers (corporate fleet, ride-hailing, taxi, and limos) into one single platform. The technology helps save businesses time and money by managing all their ground transportation spending and optimizes the entire employee experience from booking and riding to invoicing and analytics.

Details

  • Valuation:
    $
    1.5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Auto & transportation
  • Website:
    Click here
Global Switch

Global Switch has built a reputation for creating data centers that set new standards in scale, resilience and connectivity. The company owns and operates ten data centers centrally located in Tier 1 cities across Europe and Asia-Pacific, offering a total of 300,000 sq m of world class technical space with further developments underway. Its network is home to some of the most forward-thinking public and private organizations of all sizes, who rely on us to house their mission critical IT infrastructure and connect them seamlessly to a diverse choice of telecoms, internet and cloud providers.

Details

  • Valuation:
    $
    11.1
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Hardware
  • Website:
    Click here
CMR Surgical

CMR Surgical is a surgical robotics company developing universal robotic systems for minimal access surgery. The company's vision is to make minimal access (or keyhole) surgery universally accessible and affordable by significantly expanding the range of procedures that can be performed robotically.

Details

  • Valuation:
    $
    3
    Billion
  • City:
    Cambridge
  • Country:
    United Kingdom
  • Industry:
    Health
  • Website:
    Click here
Checkout.com

Checkout.com helps companies accept more payments around the world through one integration. Its unified global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, all via one API.

Details

  • Valuation:
    $
    40
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
BrewDog

BrewDog is a Scotland-based independent brewery exporting craft beers to 38 international markets. From the Headliner series, which includes bold, uncompromising pack leaders like the flagship Punk IPA, to the Amplified range (beer, but turned up to 11), BrewDog creates beer that blows people's minds and has kick-started a revolution.

Details

  • Valuation:
    $
    1.24
    Billion
  • City:
    Aberdeen
  • Country:
    United Kingdom
  • Industry:
    Consumer & retail
  • Website:
    Click here
Blockchain.com

Blockchain.com is a software platform for digital assets and a bitcoin wallet provider, where users can authenticate and transact immediately and without intermediaries.

Details

  • Valuation:
    $
    14
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
BGL Group

BGL Group is a digital distributor of insurance and household financial services. BGL Group's brands include Comparethemarket.com, LesFurets.com and online life insurer BeagleStreet.com.

Details

  • Valuation:
    $
    3
    Billion
  • City:
    Peterborough
  • Country:
    United Kingdom
  • Industry:
    Fintech
  • Website:
    Click here
Accelerant

The Accelerant companies form an underwriting group specializing in serving a carefully selected and managed network of Members in Europe and the U.S.

Details

  • Valuation:
    $
    2.19
    Billion
  • City:
    Colchester
  • Country:
    United Kingdom
  • Industry:
    Other
  • Website:
    Click here
5ire

5ire is a blockchain ecosystem where individuals and enterprises can develop, build, transact and participate in sustainable economic growth while assuring democracy and justified fair representation of stakeholders.

Details

  • Valuation:
    $
    1.5
    Billion
  • City:
    London
  • Country:
    United Kingdom
  • Industry:
    Internet software & services
  • Website:
    Click here