Boosted by a handful of large fundraisings, fintech companies raised $1.6bn of venture capital investment last year.
“There is no doubt that London’s position as a leading financial and technology centre is driven by the UK’s focus on policy and talent, allowing us to attract the entrepreneurs and investors that are bringing real, positive change to the world of fintech,” said Charlotte Crosswell, chief executive of Innovate Finance. A separate report on Wednesday by research firm Beauhurst found that equity investment in UK start-ups and high-growth companies across all sectors also more than doubled in 2017 — to £8.3bn.
https://www.ft.com/content/75a4425a-0b63-11e8-8eb7-42f857ea9f09