This morning Innovate Finance published its 2018 FinTech VC Investment Landscape report.
The figures reveal that investment in UK FinTech increased by 18% to $3.3 billion in 2018 (VC and PE). Growth private equity investment increased 57% to $1.6 billion, while venture capital dipped slightly to $1.7 billion as the UK FinTech sector enters a new stage of its growth journey, ahead of its peers in Europe. We are pleased that theUK's FinTech sector has kept its position as a world leader, ranking third globallyin terms of venture capital invested behind China and the US.
Other findings include:
- Global VC investment in FinTech in 2018 reached a record $36.6 billion across 2,304 deals, a 148% or 2.5x increase year-on-year.
- Challenger Banks took the lion’s share of VC investment at 27% of the total, followed by Personal Finance and Wealth Management.
- Just 6% of deals had a female founder, representing only 3% of the total capital invested in 2018.
All positive news news about the UK in both investment and innovation terms!