Britain is European Fintech Capital

Investment into UK’s fintech sector is second only to US globally

Britain is European Fintech Capital

The UK is one of the most exciting fintech hubs globally. This year $4.9b has been invested into the UK’s fintech sector which puts it in second place globally to US, who had investment of $1.63b and just above India with $3.9b. China has dropped to 4th place with $1.8b.

Greensill, a UK provider of supply chain finance to customers globally, was involved in the second largest deal worldwide last year when it raised $800m from Softbank.

Charlotte Crosswell, chief executive of Innovate Finance says “We are a world-leading fintech hub, and as the figures reveal, the epicentre of fintech in Europe – all of which is a testament to the fact that the UK is a leading destination to start and scale a fintech business.”

Funding Circle is an example of a UK Fintech company who has just announced a record year. Funding Circle links amateur lenders with people wanting to take out a small loan. The lenders can sell off all or part of their loan if they want to exit, but to date this has been a slow process.

Image by liushuquan from Pixabay