The UK receives second most investment globally, but total investment falls
IN BRIEF:
Across 199 deals, a total of £2.3bn was invested in UK fintechs in the first half of 2023
This represents a drop of 37% when compared to the second half of 2022
London was found to be the location where the vast majority of fintech funding was placed, attaining 91% of all UK fintech funding
What does this mean?
On this, Janine Hirt, the CEO of Innovate Finance, said: “The drop in global and UK FinTech investment is an expected result of the current economic landscape, reflecting the cautious investor sentiment as seen across equity markets over the last 12 months.”
