FinTechs in Britain raised a record amount of venture capital last quarter, despite regulatory challenges.
In brief:
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Venture Capitalists invested a total of £720mn into UK FinTech companies in the three months ending June this year.
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This is almost double the investment from the same quarter last year.
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CB Insights has revealed the data as part of its Global FinTech Report.
What does this mean?
CB Insights has cited the fast-growing number of unicorns in the UK as a contributing factor to this positive investment news. Indeed, there are 72 unicorn firms based in Britain at the moment, 18 of which are FinTech companies.
