Funding for UK fintechs in the first half of 2025 surged by 48% compared with the previous six months, according to new figures.
A total of $2.4bn (£1.8bn) was raised by the UK fintech ecosystem over the period, an impressive leap from the end of 2024, though a notable decline of 26% from the $3.3bn (£2.5bn) raised in the first half of last year, according to analysis from Tracxn.
Though fintech funding as a total declined compared with the first half of 2024, this was largely down to a dip in early-stage funding, which fell from $1.9bn (£1.4bn) to $582.6m (£435m).
Late-stage funding in the first six months of 2025, however, leapt significantly to $1.7bn (£1.3bn), up 87% from the second half of last year and 45% from the first, suggesting a greater level of maturity in the sector.
Major rounds in the sector over the period include Rapyd’s $500m (£373.2m) Series F round and Dojo’s $190m (£141.8m) private equity investment.
The figures are a boom for the UK, which has been looking to tackle a gap in late-stage tech funding compared with seed to Series A rounds. As one of the UK’s most valuable tech sectors, fintech can be seen as leading the pack in efforts to meet scaleup funding ambitions.