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Fintech

The UK is still the top fintech hub in Europe with $4.1bn in funding

Companies based in London accounted for more than 90% of the UK's total fintech investment

By

Emily Nicolle

Silicon Roundabout in London. The capital generates 90% of the UK's fintech funding
Silicon Roundabout in London. The capital generates 90% of the UK's fintech funding Photo: Getty Images

The UK has retained its spot as the top destination for fintech venture capital investment in Europe, raking in $4.1bn as a sector in 2020.

Data from Innovate Finance published on 20 January showed the UK ranked second globally for funding last year, behind the US at $22bn. It surpassed emerging markets Indonesia and India, which came third and fourth, respectively.

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