Fintech Power 50: one South West company makes the list

By Sam Pither

15 July 2022

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Every year the Fintech Power 50 list is released, bringing together 50 of the top names and businesses in the fintech sector. After 18,000 votes were cast on 1,200 companies, the final 50 were revealed at Fintech Week London on 11 July 2022.

Mark Walker, co-founder and chief operating officer of The Fintech Power 50, said: “The Fintech Power 50 annual list acts as a much-needed reminder of all the great things we are achieving in the world of financial technology, and shines a spotlight on those who are transforming financial services for the better.

“It’s fantastic to be here at Fintech Week London to announce this year’s fabulous 50. Our prestigious guide continues to go from strength to strength with a record number of nominations and votes for fintechs based across the globe.”

Moneyhub - Bristol

Bristol-based Moneyhub, the only South West firm to make the Fintech Power 50 is a data, intelligence, and payments company that develops certified software for Open Banking, Open Finance, and Open Data applications.

Open Banking is a secure way for consumers to give merchants or service providers access to their financial information or to authorize a payment directly from their bank account, usually via a third party. One of the main benefits of this is unification. Open Banking could allow people to manage accounts for different banks in one place.

Right now, its main application is to allow consumers to use online banking to pay merchants instead of using a payment provider such as Visa or Mastercard. In the future, it may allow also providers to overlay their proprietary banking software with external applications such as finance management or budgeting advice.

Samantha Seaton, CEO of Moneyhub says: “To have been included in a prestigious list such as this is testament to the efforts of the whole Moneyhub team, who strive every day to make a real difference to people’s finances and wellbeing.

"Our purpose is simple, to change how businesses use and view data in order to help their customers make better informed decisions and achieve greater financial outcomes. We truly believe that Open Data holds the key to greater financial wellbeing, and to be recognised as a leader within the fintech community is a fantastic achievement and serves as even greater inspiration to continue our journey.”

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.