Are you looking for the best startups in the UK for inspiration? If yes, this article is for you. Read this post to get the list of top ten startups!
Top 10 Startups in the UK
The United Kingdom has diversified technology companies and a growing economy. It is one of the best countries for people to start and run businesses in various industries and achieve financial stability. The British startup system is efficient, reliable, simple, and supportive. Here are the top ten startups in the UK.
1. Global Switch
Global Switch has been in the IT industry for more than 23 years. The company develops and operates advanced data centers in the UK, Europe, and Asia. Global Switch has scaled its business to other countries and raised enough capital to become the world’s largest and most reputable data center operator. It offers cloud-neutral, network-dense, and multi-tenanted data centers.
2. The Hut Group
The Hut Group is an eCommerce platform that focuses on efficiently, quickly, and cost-effectively moving consumers’ goods. Founded in 2004, the startup has become the UK’s leading online retail platform for health, fitness, and beauty products. It has over one hundred websites selling premium-quality, eco-friendly, and luxury products.
3. Prodigy Finance
Prodigy Finance is an online platform that offers loans to international students. The startup grants university-based education access and allows postgraduate students to leverage loans. Prodigy Finance provides loans to students in over 150 countries. Private investors, institutional investors, and a community of alumni have funded the company, streamlining the loan process.
4. Lend Invest
Lend Invest is a cutting-edge online marketplace for people looking to lend and invest in properties. The platform is an excellent choice for investors to access different asset classes, pre-funding, underwriting, investments, etc. You can leverage various services, including access to loans and financing for properties.
5. Oak North
Oak North is another best startup in the UK, offering credit tracking, monitoring, and analysis solutions to credit institutions that lend money to SMEs. The company has developed an innovative online system with cutting-edge machine learning algorithms and big data to help banks and financial institutions to work efficiently, reliably, and cost-effectively with reduced risks.
6. Oxford Nanopore Technologies
Oxford Nanopore Technologies is a biotechnology company specializing in molecular analysis sequencing products, including DNA and RNA sequencing. The startup has an extensive network throughout Europe and North America. It develops applications for biomolecular and biochemical research, including cancer, human genomics, plant science, environmental, and microbiology research in over eighty countries.
7. Telegram Messenger
Everyone knows about the world-famous Telegram Messenger. The app has become popular due to its innovative features, including speed, reliability, ease of use, security, and privacy. The best thing about Telegram Messenger is that it works on different platforms and allows users to send text, videos, photos, documents, and other file types. You can even create groups and add up to five thousand people, making the app an excellent communication tool for businesses.
8. BGL Group
BGL Group is an insurance provider to individuals and families in the United Kingdom. The startup offers reliable financial products to ensure every household can access loans. Although BGL Group has been operating its business operations since 1992, the company has transformed its services via advanced technology. The latest apps and tools have made BGL Group one of the largest digital insurance distributors.
9. Babylon Health
Babylon Health is an online platform that offers digital health services. People use the company’s intuitive and user-friendly app to access personalized health assessments and treatments at the most affordable prices. Babylon Health app is designed to streamline health services for individuals and families. For instance, you can have a face-to-face appointment with your doctor at any time of the day or night.
10. Atom Bank
Atom Bank is a digital platform that offers banking services via a smartphone application, allowing people to benefit from 24/7 online support, financial products, and business banking services. The low-cost model of the Atom Bank makes it a reputable startup and cutting-edge app with excellent features, allowing users to streamline their finances.
According to Nimble Fin, a consumer research firm, the UK is the second-best company for startups in Europe. The reasons are a business-friendly ecosystem, government support, startup community, and easy access to venture capital.
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.