Top London Startups to Watch (and Work for) in 2023

• In 2021, Checkout surpassed $3 billion in payments processed.

• Checkout customers include Alibaba, MoonPay, Patreon, Binance, Netflix, Farfetch, Grab, ShopBack, Curve, Coinhako, TransferGo, and Dott.

• In 2020, Monzo ended the year with 77,000 business accounts.

• As of June 2022, Monzo had 430,000 Monzo Plus, Monzo Premium, and Monzo Business customers.

• In 2021, Monzo’s deposit base grew 124% from 1.4 billion euros to 3.1 billion euros. 

• As of 2022, Monzo’s deposit base grew to 4.4 billion euros.

• As of December 2021, Monzo has over 5 million UK customers.

• In Monzo’s 2022 Annual Report, they reported 100,000+ people open a Monzo account monthly, and 90% joined through word of mouth.

• As of June 2022, Monzo’s annual revenue run rate was $270 million euros.

• As of May 2023, Monzo has over 7 million users.

• As of May 2023, Revolut has 28 million+ customers, 500,000+ business customers, supports 200+ countries and regions, and supports 28 in-app currencies.

• As of May 2023, Revolut has rated 4.7/5 stars from 35.1K ratings on the Apple App Store and 4.5/5 stars from 2.29 million ratings on the Google Play Store.

• As of July 2021, Revolut has 16 million+ customers and processes 150 million monthly transactions across its products.

• In 2020, Revolut reached 14.5 million customers.

• In 2019, Revolut surpassed 10 million customers.

• OnlyFans’ 2022 metrics: $12.5 billion GMV, $2.5 billion net revenue, $1.2 billion free cash flow.

• OnlyFans has paid out $3.2 billion since its inception and helps more than 60,000 creators earn $50,000 annually.

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• As of May 2023, Teya has 300,000+ customers, 500 million+ annual transactions, and operates in 16 countries.

• As of May 2023, Aave’s Discord community has 49,229 members.

• As of May 2023, Aave’s community treasury has $109.2 million.

• As of May 2023, Aave has $7.835 trillion of liquidity locked across 5 networks and 11 markets.

• As of May 2023, Atlantic Money has rated 4.8/5 stars from 83 ratings on the Apple App Store and 4.9/5 stars from 81 reviews on the Google Play Store.

• In 2020, Habito surpassed 4 billion euros in mortgages, up from 2 billion euros in 2019, 1 billion euros in 2018, and 361 million euros in 2017.

• As of May 2023, Habito has a 4.8/5 rating from 8,027 reviews on Trustpilot.

• As of June 2023, Dishpatch has 69 restaurants signed to its platform, up from 25 in June 2021.

• As of June 2023, Dishpatch has delivered 120,000 meals.

• As of June 2023, Dishpatch has 80,000 email subscribers.

• As of June 2023, Dishpatch has rated 4.8/5 stars from 1,856 reviews on TrustPilot.

• As of June 2023, Epoch can sequence 100 trillion enzyme variants per hour.

• As of June 2023, Glorify has been downloaded 5 million+ times, up from 2.5 million in December 2021, on the Google Play Store and has rated 4.9/5 stars from 970K+ reviews.

• As of December 2021, Glorify averaged 250,000 daily users.

• As of May 2022, Legl has ~170+ customers (up from ~100 customers in March 2021), including 20 of the top 200 firms in England.

• As of May 2023, Legl has 220+ law firm customers who assist 500K+ clients in the UK and claims a 90% reduction in onboarding times.

• Legl customers include Burnett & Reid, GloverPriest Solicitors, and Douglas-Jones Mercer Solicitors.

• As of August 2021, DoNotPay has ~250,000 customers.

• Between January 2021 and August 2021, Three Spirit generated 6-figure monthly revenue and 11x growth in US sales.

• As of June 2023, Entocycle claims its insect technology can potentially avoid 8 gigatons of CO2 emissions by 2050.

• As of October 2021, Entocycle’s research facility produces 0.5 tonnes of larvae a month, and its new facility is expected to produce 2,200 tonnes a year, which projects out to 5.5 million euros annually.

• Pledge customers include Ligentia, Raft, Zencargo, WCAworld, and BIFA.

• Trading partners on the platform include Pro Environmental, Veolia, UPM, Pearce Recycling, and Siakandaris Group.

• As of June 2023, UNDO claims its enhanced weathering technique can potentially remove 4 gigatons of CO2 emissions annually.

• In April 2023, UNDO became Microsoft’s first enhanced rock weathering supplier.

• As of May 2023, Attio has 2,000+ customers, up from 120 in November 2021, in 100 countries, including OpenAI, On Deck, Pallet, Coca-Cola, Beacons, and Bravado.

• In December 2022, Attio crossed $1 million in ARR.

• As of July 2023, Synthesia has 50,000+ customers, including Accenture, PwC, Xerox, Reuters, Network Rail, Persado, and Johnson & Johnson.

• As of July 2023, Synthesia has 140 diverse AI avatars and is available in 120 languages.

• As of June 2023, Synthesia has a 456% YoY user growth rate, and 15 million videos have been generated on the platform.

• As of July 2023, Supercritical has removed 39,000+ tonnes of carbon, and 35% of corporate purchasers buy via its platform.

• As of July 2023, Supercritical claims only 6% of carbon removal offset projects make it through its vetting process and on the marketplace.

• Supercritical customers include XTX Markets, Tide, Accurx, Wolf & Badger, Veriff, and IMC.