Hunt's new Silicon Valley can't stack up to the old | Euromoney

Summary

The article discusses the UK FinTech industry's growth and challenges, highlighting the budget speech by Chancellor Jeremy Hunt, who aims to foster the UK's position as a tech hub post-Brexit. Despite the optimism, the UK faces issues like investment diversion and scaling challenges for startups, exemplified by FinTech companies like Monzo—a Challenger bank with substantial valuation and customer base but eyes expansion in the US, driven by venture capital.