UK fintech investment surges after regulation refresh

Investment into UK fintech firms surged last year as investors looked to capitalise on new regulation in the sector, research has revealed.

Total investment into British fintechs jumped more than 217% to $11.6bn in 2021, second only to US firms globally which saw $46bn of investment, according to figures from Innovate Finance, the UK fintech industry body.

The UK’s fintech sector outpaced the rest of Europe and dominated the continent in terms of capital invested. Overall, $24.3bn was invested across Europe with the UK attracting nearly half of total investment.