UK fintech funding races ahead of Europe
According to new figures, the UK’s fintech sector was beaten by only the US on total investment last year despite a sharp fall in funding on 2023 levels.
As global fintech investment fell 20 per cent globally to $43.5bn (£35.2bn), the UK attracted $3.6bn (£2.9bn) of total funding, more than the next five European countries combined, according to data from Innovate Finance.
Despite the sharp fall in new capital coming into the sector, industry figures are hoping for a resurgence in 2025.
“When we’ve been speaking with investors, they’re positive about 2025,” Janine Hirt, CEO of Innovate Finance, told City AM.
UK fintech funding races ahead of Europe