VC and private equity investment in the UK FinTech sector rose to a record $3.3bn in 2018, up 18% year-on-year, a report from industry body Innovate Finance showed today.
Growth private equity investment rose 57% to $1.6bn, while venture capital dipped to $1.7bn as the UK FinTech sector enters a new stage of its growth journey, ahead of its peers in Europe.
The UK’s FinTech sector kept its position as a world leader, ranking third globally in terms of venture capital invested behind China and the US. Within Europe, the UK continues to dominate followed by Germany ($716m and 48 deals) and Switzerland ($328m and 40 deals).
Revolut’s $250m fundraise ranked among the top ten largest global VC deals of 2018. Monzo, EToro, Liberis and BitFury were also among the UK’s top five deals, each raising over $80m....