Good news on Fintech investment

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!