According to a recent report by KMPG, UK FinTech investment ‘outpaced that of Germany by 398% in 2015’.
The Pulse of FinTech, 2015 in Review: Global Analysis of FinTech Venture Funding, identified large fundraisings by Funding Circle, WorldRemit, and Atom Bank and partially responsible for the UK’s high FinTech investment total.
“It’s a challenging but exciting time” expressed the report “It’s hard to imagine how FinTech will evolve next year. Geographic diversification has led to FinTech hubs rising in numerous locations – London, Sydney, Tel Aviv, Singapore, and Hong Kong to name a few”.
“Embracing FinTech is not simply about looking to Silicon Valley. Different geographies are putting their own spin on FinTech, creating new sub-sectors almost every day.”
European VC investment into FinTech reached $1.5bn, according to the report, with Index Ventures and Balderton Capital the most active investors. The report also hallmarked insurance-tech as a space rife for disruption, and one likely to grow rapidly in the coming year.