Following Sibos 2019 this week, Innovative Finance has released a report that shows the high attraction investors are having to UK fintech companies.
Over the past year, London has overtaken New York for fintech investment deals. ‘A Fine Year for FinTech: Global Trends from a UK Perspective’ explores the fintech venture capital-led investment trends so far in 2019, comparing countries and cities around the world, in terms of deal value, deal count and sources of investment.
In the first eight months of 2019 alone, there was over $2billion that was invested into London-based businesses across 114 deals. This surpassed any totals seen in prior years.