Fintech investment in the UK set for record-breaking 2017, London leading the way

By Johan De Mulder

Investment into fintech in the United Kingdom has reached £825mn already in 2017, with the full-year figure set to break all records.

Tech firms have rivalled more traditional banks in recent years with their easy-to-access banking services and investment has already doubled compared to the same point in 2016. 

According to data released this week, London is leading the way with five times as much investment as any other city on the continent.

See also:


"Clearly Brexit poses major challenges, but London’s position as a global financial centre and world-class technology hub cannot be replicated anywhere else," said London’s Deputy Mayor for Business, Rajesh Agrawal.

"This highlights the need for a Brexit which enables London to maintain its place at the heart of the single market, as the continent’s financial capital."

The record annual figure was set in 2015, but that is almost certain to be broken following deals such as the $66mn worth of funding that was pumped into Revolut, the digital challenger bank.

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy