The UK is fast becoming one of the best places in the world to start a new business and even more so within the technology field. The UK tech industry is booming and doesn’t look set to slow down anytime soon. In 2018 the number of new tech companies launched in the UK rose by 14%, which pales in comparison to the 60% seen in 2017, but it is still seen as a key pillar in the post Brexit economy of Britain. We have seen not just Europe, but also the US investing heavily in UK tech in the last couple of years. So let’s have a look at the tech companies in the UK that are currently making a breakthrough and should be watched.
Revolut
Revolut is a fintech company, that offer several banking services which includes a prepaid debit card, currency exchange, crypto exchange and p2p payments. They offer mobile app based current accounts and have been referred to by some as a ‘tech superstar’ since been formed in 2015. Revolut has already achieved tech ‘unicorn’ status, which is used to describe a private start up valued at more than £740m ($1bn)
InTouch Games
InTouch is based in the West Midlands and is the e-Gaming firm behind familiar names such as Pocketwin and mFortune. The company was crowned the region’s digital business of the year in 2018. They are one of the UK’s largest privately-owned e-Gaming businesses and they have developed many world-leading brands after starting life as a slot machine and jukebox manufacturer. InTouch Games has ambitious plans for the future and has already produced more than 60 games that cater to in excess of 30,000 players on a daily basis.
Nested
This London based online real estate agent managed to raise £135m in sales in November 2018 alone! They claim to now be selling twice as many homes in London as traditionally physical estate agents. The sales platform that Nested uses comes with an accurate property valuation using in depth data analysis. What makes this online platform completely unique is that if the house is not sold within 39 days they will offer you an advance of 90-95% of the home’s value so that the owner can afford to buy a new house.
Bulb
Bulb is the East London based energy tech start up whose value multiply by 351 times in three years since 2015. It has recently been crowned the fastest growing tech company within the UK by online investment platform SyndicateRoom. It was launched in 2015 and uses software in order to reduce energy costs across the UK and is really turning the energy industry on its head. They supply 100% renewable electricity and 10% green gas in order to power homes in places such as London, Manchester, Bristol and Edinburgh. Bulb has been able to raise £60m in growth funding and it really does look like the sky is the limit at the moment for this incredibly fast grow tech start up.
