Fintech Employs more People than Many Financial Centres – Fintech Job Report

The Growth of Fintech

Fintech has been growing at an exponential rate, with an estimated $200 billion being invested in the industry in the past 8 years. Perhaps once considered as a niche sub-section of the greater Financial Service sector, Fintech startups and companies have since matured to become disruptive players in this previously stagnant industry. Besides its increasing investments, we can look at other metrics as well: Fintech has become a major employer in the industry, topping some of the world’s most notable financial ‘super-hubs’ like Tokyo, Hong Kong, Paris, Singapore, Zurich or Frankfurt. 

Fintech Employs More than 300,000 People

With its growth and increasing mainstream attention, Fintech has become attractive for job-seekers and students who are looking to join a dynamic and fast-growing industry. According to CFTE’s research, the top 225 Fintech Unicorns, companies whose valuation exceed $1 billion, employ more than 300,000 individuals worldwide. If Fintech was a city, it would only be surpassed by New York and London in terms of number of employees.

Fintech is Growing Faster than London

Although Fintech is trailing behind New York and London, it is safe to assume that the industry will surpass these Financial centres in the near future. Currently, London employs 400,000 people in the Finance industry, whilst Fintech employs 300,000, however, London is hiring 10,000 individuals per quarter in comparison to the 40,000 in Fintech – meaning Fintech is hiring 4 times faster. 

To learn more about the landscape of jobs in Fintech and gain an insight on the necessary skills to succeed in this dynamic and ever-evolving industry, download the world’s first Fintech Job Report.

Learn the skills of Fintech

Learn the skills of Fintech

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Frequently Asked Questions

The Centre for Finance, Technology & Entrepreneurship (CFTE) is a global education platform that aims to equip financial professionals and organisations with the necessary skills to remain competitive in a rapidly changing industry. Our leading training programmes, curated by global industry experts, help talent build skills to join the digital revolution in finance. CFTE’s courses are globally recognised with accreditations from ACT, IBF, CPD, SkillsFuture and ABS.

At CFTE, our mission resonates with every learner’s goals to rapidly advance in their career, to thrive in their next project or even to lead the disruption in finance with their own venture. To help you do this, CFTE gives you the tools you need to master the right skills in digital finance. We bring exclusive insights from leaders that are steering the developments in the financial sphere from global CEOs to disruptive entrepreneurs. With CFTE you don’t just learn what’s in the books, you live the experience by grasping real-world applications.

If you are looking for rich insights into how the Financial Technology arena is transforming from within, we can help you get the latest knowledge that will stir things up in your career. CFTE offers leading online programmes in digital finance, covering an expanse of topics like – Payments, AI, Open Banking, Platforms, Fintech, Intrapreneurship and more, that will help you conquer the financial technology landscape. With this expertise at your disposal, you will be on track to turbocharge your career.

You will be learning from a curated line-up of industry leaders, experts, and entrepreneurs hailing from Fortune 500 companies and Tech Unicorns, among others. They will each be presenting their knowledge and experience in the field of digital finance. No matter if you are embarking on a new journey or fortifying your role, these lecturers and guest experts will guide you through the perspective of established institutions like – Starling Bank, Wells Fargo, tech giants like – Google, IBM, successful startups such as – Kabbage or Plaid, among many more!