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UK FinTech firms ‘raised more VC money than their European counterparts’

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UK FinTech companies have raised more than $1bn (£825m) so far this year, with double the amount raised when compared to the same period in 2016.

That’s according to the latest Pitchbook data sourced by London & Partners, which also shows that, despite Brexit, London and the UK are attracting more FinTech investment than any other European city or country.

According to the data, 2017 is set to be a record year for venture capital investment into both London and UK FinTech.

The analysis shows that from Q1 to Q3 UK FinTech businesses attracted more investment (+17.5%) than the record levels reported during the same time period in 2015.

A breakdown of the data highlights that London’s FinTech companies accounted for more than 90% of all venture capital investment into UK financial technology firms this year....