<h3>UK sees fintech investment drop to £4.6 billion in H1 2023 – down 57% in a year</h3>
It was a difficult first half of the year for the fintech market across the globe. Total global funding and the number of deals dropped from £49.6 billion across 2,885 deals in H2’22 to £41.1 billion in across 2,153 deals in H1’23.

Total UK fintech investment dropped to £4.6 billion in the first half of 2023, down 57% from £10.8 billion in the same period in 2022. The sharp drop-off in fintech investment between H1’22 and H1’23 highlights the cloud of uncertainty permeating throughout the market which continues to wear on investor confidence. Factors including high inflation, rising interest rates, geopolitical tensions (the ongoing conflict between Russia and the Ukraine), and tech sector challenges (depressed valuations and a continued lack of exits) have all dampened investor demand. The collapse of several US banks early in 2023 likely also kept many investors in wait and see mode during H1’23.

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Pulse of Fintech

Published 15 April 2019

For the fourth time, KPMG earned the title of Oracle Consulting Partner of the Year at the annual Oracle UK Partner of the Year Awards held in London. These awards recognise organisations who are helping Oracle customers realise the transformative potential of cloud technology. “This award is a great demonstration of how we’re leveraging our close strategic alliance with Oracle to help our clients realise real business value on their cloud transformation journeys,” says Fiona Martin, Director of Solutions &amp; Digital Strategic Alliances. KPMG was presented with the award by Rob Harrison, VP Sales Cloud Consulting with Fiona Martin, Adam O’Brien, Kevin O’Sullivan and Vaani Bhat accepting the award on behalf of KPMG. “Through Powered Enterprise and our alliance with Oracle, we’re able to show clients how Cloud isn’t simply another technology platform, but a way that they can reimagine their business to meet their needs today and for the future,” adds Kevin O’Sullivan, Director of Solutions &amp; Digital Powered Finance. This has been the case with the large organisations we’ve collaborated with, where our KPMG Powered Enterprise team has helped them transform their systems using Oracle cloud. Patrick Fenton, Head of Cloud Transformation, says: “These are great examples that show how we’re bringing the right technology partners and our deep expertise to the table to help clients change the way they deliver their day to day business.” Congratulations to every member of the KPMG Powered Enterprise team! Find out more information about <a class="chrome" href="http://www.kpmg.com/uk/poweredenterprise">KPMG Powered Enterprise</a>.

KPMG UK wins Oracle award for Cloud Consulting Partner of the Year

KPMG in the UK is a leading provider of professional services, including audit, tax and advisory specialisms – delivering integrated solutions to our clients’ issues.
In the UK, we have over 12,000 partners and staff working in more than 20 offices. Being part of a strong global network of member firms gives us a truly global mindset.
The financial sector is going through a period of significant change, with new entrants growing rapidly, innovating and re-shaping the sector. At KPMG, we are excited about the future of the industry and the opportunities this will bring to us and our clients. Both in the UK and through our global fintech network, we are working with the fastest growing fintech businesses who are helping to shape the future of the industry.

KPMG

KPMG in the UK is a leading provider of professional services, including audit, tax and advisory specialisms – delivering integrated solutions to our clients’ issues.
In the UK, we have over 12,000 partners and staff working in more than 20 offices. Being part of a strong global network of member firms gives us a truly global mindset.
The financial sector is going through a period of significant change, with new entrants growing rapidly, innovating and re-shaping the sector. At KPMG, we are excited about the future of the industry and the opportunities this will bring to us and our clients. Both in the UK and through our global fintech network, we are working with the fastest growing fintech businesses who are helping to shape the future of the industry.

Director, Payments Consulting, KPMG

Ellie	Hewitt

Fintech Co-Lead Partner

Hannah co-leads KPMG's fintech team in the UK and also leads the indirect tax services provided to KPMG's fintech clients. Hannah's focus is on identifying fintech businesses of the future in their early stages and works closely with transfer pricing, corporate tax and regulatory specialists to ensure efficient international expansion of fintech clients to mitigate indirect tax leakage.

Hannah Dobson

Head of Crypto & Digital Assets

Ian possesses more than 20 years’ experience in capital markets and fintech, with a depth of expertise in financial markets and disruptive technologies. Prior to joining KPMG, Ian was the Executive Director of Crypto UK, which is the UK’s trade association representing more than 120 companies from across the UK’s digital asset sector.

Ian Taylor

John co-leads KPMG's fintech team in the UK and also sits on the UK board for KPMG UK. He specialises in operational transformation for financial services businesses. In his role of Head of Fintech Innovation, he has a focus on building alliances and partnerships with fintech businesses.

John Hallsworth

Assistant Manager, Fintech

Katie is responsible for UK fintech sector coverage and outreach. Katie supports businesses in the fintech space as they continue to grow by providing access to KPMG services and our wider network of events and SMEs.

Katie Greensmith

Associate Director, Fintech

Lauren runs the UK firm's fintech sector coverage and outreach. Lauren helps KPMG's fintech and crypto clients access the services and support required to help them achieve their growth ambitions. Throughout their lifecycle, Lauren helps to guide their business thinking on everything from R&amp;D tax credits all the way through to exit readiness.