22 March 2021

FinTech funding dipped 23% in 2020, says Tech Nation

Written By FinTech Alliance

FinTech funding dipped 23% in 2020, says Tech Nation

Tech Nation has released its latest annual report on funding in the UK’s tech sector. 

In Brief:

The wider technology industry raised a record $15bn in 2020. 

FinTech venture capital investment fell to $4.5bn - from a record $6bn the previous year. 

As a whole, UK VC investment was this highest in the world. 

What does this mean? 

While FinTech funding has seen a dip, it’s widely being reported using language like “only” and “in an extraordinary year” -- and rightly so, since Covid-19 called a halt to many deals for months. The overall strength of the tech sector is positive, and deals at all stages have begun to pick back up in 2021. 

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