Here are the 5 hottest startups in the UK

By Marta Dawydzik and Andrea Hak

In recent months when you heard about the UK there’s a 99 percent chance it was about Brexit (and a 1 percent chance it was about Theresa May’s painfully awkward dance moves). However, the shaky negotiations and a very uncertain future (both economically and politically) have not stopped the UK’s startups from growing. In fact, despite the instability, the country saw an influx of £1.4billion from VC investments in the third quarter of 2018 (up  £9 million from the year before).

Although 85 percent of startup founders voted against Brexit, nearly three in four have decided not to make a run for it. Instead, in these confusing times, 62 percent of entrepreneurs predict their agility and ability to adapt will give them a clear advantage over larger competitors. London’s calling and startups are set to play a more influential role than ever in shaping Britain’s future.

Selecting the hottest young scale-ups in Europe

Together with payments tech company Adyen, we set out in search of the most promising new startups based on their performance, growth, and potential. The top-5 from each country will join the Tech5, a community of the hottest young tech companies in Europe and Israel. This year’s newcomers will then join us at the exclusive Founders Day (May 8) and TNW Conference (May 9-10) in Amsterdam.

Today we highlight the UK. We did our research, consulted with our advisory consortium of 100 investors, influencers, entrepreneurs, and experts across Europe and selected the five hottest young British scale-ups.

Find out who Britain’s hottest young scale-ups are:

Revolut

Revolut is now officially recognized by the EU as a bank (they acquired their European banking license last December) and is soon planning to expand their services across the pond. With its international travel and transfer specific features, the app is set to help keep Brits mobile and connected.

Bulb

This year Bulb has also introduced products that will help a wider range of people save money and cut their emissions, such as Prepay meters which bring Bulb to those with top-up energy meters and a ‘Feed-in Tariff’. Licensees will now be able to purchase renewable generation from domestic solar panels installed at their members’ homes.

Trouva

Perkbox

Transfergo

Sending money abroad? If you told me this two years ago I would have rolled my eyes and said “Never! It’s such a hassle”, but now I can simply say “Money? You mean the two cents in my account?”, because international money transfers are no longer a headache. Transfergo makes the process easy and almost enjoyable (almost, because no one likes seeing money leave their account, but if it has to be done, at least it can be done humanely). And by humanely we mean, quick, easy, without hidden costs and using the actual exchange rate!

Is your startup looking for funding and new clients? Come to TNW 2019. Startup rates start at just 299 euros and come with a ton of perks to help you grow.

This is part of a series selecting the hottest young tech companies from all over Europe. Every day we cover a new country. Check out the hottest young tech companies from Belgium, France, Spain, Portugal, Italy, The Netherlands, Ireland, Norway, Denmark, Sweden, Estonia, Finland, Poland, UK, Israel, Germany, Austria, Switzerland, Hungary, and a combined selection of other European countries.