UK FinTech Investment Rebounds To Record
Breaking Highs
The question is no longer whether fintech in the UK will succeed as an industry, but how big it will become over the next decade. The UK has demonstrated its ability to build hugely valuable, globally-focused fintechs and we should not be surprised at the significant amount of capital now coming from global investors in order to get a foothold in our emerging sector. There is still much to do as an industry and the implementation of many of the Kalifa review recommendations will be a critical factor in helping to retain our global leadership.”
Tim Levene, CEO – Augmentum Fintech
For investors, Covid 19 put a blowtorch to the business models of many FinTech start-ups with the effect of clarifying investment opportunities for 2021.
The accelerating interest from international investors reflects the UK FinTech ecosystem’s twin attractions of start-ups that rapidly scale internationally and the local presence of experienced VC investors investing at the early stage.”
Kevin Chong, Outward VC
Q1 investment has seen a continuation of the momentum through the end of last year which highlights the resilience of the sector, appetite for innovation, and significant upside potential for UK FinTechs. Increased international interest highlights the UK’s comparative advantage in FinTech and the increasing ability to scale – overall positives dynamics benefiting the ecosystem at large.
The investment chapter of the Kalifa review did well to unify some common but anecdotal narratives around the UK FinTech landscape with helpful recommendations to support grass roots FinTech investing as well as those businesses that are making the jump from start-up to scale up. We eagerly await to see what materialises from a practical standpoint.”
Jay Wilson, AlbionVC
