When spotlighting the five fintech unicorns, the income growth they have achieved over the past twelve months is phenomenal, increasing from a combined £77.1m to £177.6m revenue. Specifically, Oaknorth are one to watch, as an example of a challenger bank, with revenues up 268% year on year.
Other key insights include:
– By region, London’s dominance is without question, in that over 40% of all new IT vacancies created are within the capital.
– The biggest area of growth is IT security
– Salaries are surging in the UK, where in some cases businesses are having to offer up to 20% pay rises to retain staff, to avoid them leaving.