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Forget the funding decline, FinTech’s still thriving


Source: TechCityNews

New research from Innovate Finance recently found that FinTech investment in the UK dropped by about a third in 2016 to $783m. That was out of sync with prevailing global FinTech investment trends, with 2016 deals around the world totalling 1,436, attracting $17.4bn of venture capital (a 10.9% year-on-year increase). Clearly the Brexit vote and ensuing geopolitical uncertainty has cooled investor appetite for FinTech startups and scaleups.

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