Tech Nation has released its latest annual report on funding in the UK’s tech sector.
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.
To find out more about the current landscape, join our Investment Series.