London & Partners and Innovate Finance have released a report looking at global FinTech trends from a UK perspective.
The US, UK and Germany were the top countries for FinTech VC investment as of August 2019.
London’s FinTech sector is leading the world in number of VC investment deals.
The UK has seen record investment in FinTech within the first eight months of 2019, with $2.29bn invested across 142 deals.
What does this mean?
As the title suggests, the report is largely positive about the growth of the UK FinTech sector and the opportunities it brings. The report cites the UK’s longstanding position as a leader in financial services, noting that the UK’s 1,600 FinTech firms generate revenue of £6.6bn. It is also noted that these are “amongst the most innovative in the world”.
Read the full report in our knowledge bank.