Fintech funding in the UK has remained the highest in Europe, confounding fears that the capital’s reputation as a hotbed for the sector was dimming after a number of successful fintechs angled their businesses towards the US.
Some 56 per cent of fintech equity funding was captured by UK-based companies in the first six months of the year, with 79 per cent of the 140 deals concentrated in London, according to data from venture capital firm Finch Capital.