While The Broader Tech Industry Faces Struggles, Fintech Hiring Grows By 13% In The UK
Recent data from Morgan McKinley and Vacancysoft indicate an increase in fintech recruitment within the UK, despite the broader tech industry's challenges. According to the Year in Review Finance Labour Market Trends Report, professional vacancies in the…
Recent data from Morgan McKinley and Vacancysoft indicate an increase in fintech recruitment within the UK, despite the broader tech industry's challenges. According to the Year in Review Finance Labour Market Trends Report, professional vacancies in the UK finance sector rose by 13% year-on-year, totaling approximately 67,700 roles. Fintech vacancies specifically increased by 29%, marking it as the fastest-growing segment within finance hiring.
This growth occurred in a year characterized by stricter recruitment regulations, higher unemployment, and more rigorous hiring checks. Despite these challenges, fintech companies expanded their workforce in engineering, product, sales, and compliance teams.
Victoria Walmsley, Managing Director at Morgan McKinley UK, commented on the shift in hiring behavior, emphasizing a more selective and disciplined approach. Companies are now focusing on roles that enhance productivity, transformation, and long-term competitiveness.
Regional Distribution of Fintech Hiring
London remains the primary hub for finance recruitment, with Greater London reporting nearly 35,900 finance vacancies in 2025, a 17% increase year-on-year, and accounting for 53% of the national total. Outside London, growth was noted in specific regions. Scotland experienced a 17% increase in finance vacancies, while Northern Ireland saw a 21% rise, reaching approximately 1,700 roles. Meanwhile, regions such as the North East and South East reported declines.
Recent data from Morgan McKinley and Vacancysoft indicate an increase in fintech recruitment within the UK, despite the broader tech industry's challenges.
Fintech hiring was driven by a few rapidly growing companies. Radius increased its fintech vacancies by 93% year-on-year to 855 roles. Wise reported an 85% increase, reaching 618 vacancies, and SumUp saw a 211% rise, totaling 500 roles.
Growth in hiring was concentrated on technical and commercial roles. Software engineering vacancies increased by 71% year-on-year, reaching nearly 800 roles. Product management roles rose by 82% to approximately 770 vacancies. Business development and sales roles increased by 47% to about 1,900 roles. Data analysis roles grew by 60% to around 340, while compliance roles remained steady at approximately 270 vacancies.
Fintech firms are expanding teams to support operations, regulation, and scaling efforts. The report suggests that fintech companies are transitioning from disruption to infrastructure, focusing on payments, lending, trade finance, and compliance. Notably, some companies, like Starling Bank, reported a decrease in fintech vacancies, reflecting diverse hiring trends across the sector.
Fintech Resilience Amidst Tech Sector Slowdown
While the broader tech industry experienced a slowdown in recruitment due to tightened funding and rising costs, finance-related technology roles continued to grow. IT roles within the finance sector increased by 23% year-on-year, surpassing 10,000 vacancies. Banking saw a 42% rise in IT management hiring and a 24% increase in development and engineering roles.
According to Walmsley, these hiring decisions are aligned with long-term business objectives, indicating structural changes rather than short-term volatility. Employers are positioning themselves for the next growth cycle.
Based on reporting by techround.co.uk.