The networking giant LinkedIn came out with a list of start-ups based in the UK, which are ideal for joining an employee interested in this space. There is no shadow of doubt behind the sprawling start-up industry. It is here to stay and rule in the UK for years to come.
A testimony to that is 6,72,890 start-ups came up in the tax year 2019, which is roughly 1850 start-ups per day. The same survey also highlights that 65% of the employees in the UK want to start their venture.
All this is because of the Government support in the form of initiatives to help start-ups in their pursuit and the amount of funding done by VC/PE investors.
Let’s See How You Can Get Start-Up Loans
Many of these start-ups are in the FinTech industry. It is bustling currently in the country as bad credit borrowers have been increasing. Majority of start-ups in this list by LinkedIn are in the FinTech sector only.
Also, getting loans or funding for a start-up is complicated, and thus many companies are eyeing on that space. Therefore, several lenders have started offering start-up loans to accelerate their growth in the initial stage.
There are umpteen options for profitable start-up loans for unemployed in the UK. Yes, you can get a loan even if you are unemployed and have no source of income. Some of these loans are government-backed and funded by the UK government with the collaboration with a bank.
Alternatively, you can also look for direct lenders to get flexibility in the lending terms.
Parameters on Which LinkedIn Assessed These Start-ups
Firstly, to be eligible to participate in this LinkedIn study, a start-up has to be privately held, have a workforce of at least 50 employees, is in the business for not more than 7 years and must be headquartered in the UK.
Then these start-ups were studied based on certain factors from which this list was curated. Some of the pertinent factors are growth in employment, non-employee engagement, the attraction of best talent, and job interest. Then finally they came out with the list of such start-ups you should apply to.
List of Top-6 British Start-Ups to Work For
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Below is the final list with which LinkedIn came out based on their in-depth analysis of thousands of start-ups on several parameters.
- Monzo Bank: This is an online-only bank headquartered in London with global employee strength of 950. It was recently launched in the US and post which its valuation doubled to $2.5 billion.
According to LinkedIn, this start-up has recruited 800 new employees over the last two years. Monzo Bank revealed that they now make £4 per customer which used to be a loss of £15 a year ago.
- Revolut: Another revolutionary start-up is a FinTech firm called Revolut, which has a headcount of 500. This start-up assists its customers in money transfers and instant global spending. They are opening 18,000 new accounts daily.
This company has diversified its portfolio and has recently launched a stock trading platform which works on the commission-free model currently. You can trade on the US stocks through this platform. Their customer base has breached the 6 million mark across the continent.
- Gymshark: Gymshark is proving to be another promising activewear start-up which is headquartered in Solihull. They claim to have a vast customer base with over 5 million followers from more than 100 countries on their social media handles. Another initiative that this company is taking towards employees benefits by offering them financial and money management education for their predominantly young workforce.
- Formula E Holdings: Headquartered in London, this start-up has 150 employees and work in the electric vehicle segment. They take pride in having the world’s first entirely electric single-seater motorsport.
They are also aiming to create awareness towards air pollution and promote sustainability in the country through more products in their portfolio. You need to be vale, sustainable development goals and be innovative to work for this company.
- Babylon Health: Babylon needs no introduction in the UK owing to their work in building a portal that allows patients to take video consultation from doctors. They achieved this feat on collaborating with the National Health Service of the country.
Their app leverages modern technologies like AI and ML to give suggestions after users enter the symptoms. The valuation of this company stands at $2 billion after a $500 million investment by a Saudi Arabia Sovereign Wealth Fund.
- Starling Bank: This is another promising start-up in the financial space of the UK, headquartered in London with 500+ employees globally. Starling Bank is a mobile-only bank started in early 2014 and has recently raised £75 million in a funding round.
They are planning to double their employees’ strength this year owing to the vast manpower requirement after their initial success. They are planning to hire in Customer Service, Engineering and Design roles according to LinkedIn.