KPMG reported $636 million invested between July and September 2017 in U.K. fintechs, traditionally the slowest months of the year. By comparison, just $120 million was invested in the U.K. in the third quarter of the previous year. In the past five years, London’s fintech sector has received more than five times the amount of investment than any other major European city, attracting more venture capital cash than Paris, Frankfurt, Berlin and Amsterdam combined. One aspect that has dogged London’s hotbed of fintech, though, is that despite record-breaking amounts of investment, it has tended to be toward a narrow number of firms, and smaller companies have not scaled well. However, that could change following years of support from the FCA through initiatives such as its regulatory sandbox and innovation labs, and the mandate to fast-track many new firms to market.

https://www.law360.com/articles/993995/2018-is-the-year-fintech-is-forced-to-grow-up