In the City

Is London Losing Its Edge as a Global Tech Hub?

Major UK fintech firms like Revolut and Wise are shifting their focus—and listings—to the US.

Photographer: Jason Alden/Bloomberg

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London has long prided itself on being a global tech hub, promoting the image of a thriving and ambitious capital for innovation. But that reputation is beginning to slip. Major UK fintech firms like Revolut and Wise are shifting their focus—and listings—to the US, drawn by stronger valuations, deeper market liquidity and better access to compute infrastructure.