In a recent report released by Innovate Finance, the company states that the UK’s fintech sector reached $ 9.1 billion in the first half of 2022, boosting investment by 24%.
With 3,046 transactions, the international fintech sector saw an investment worth $ 59 billion. With US fintech startups raising $ 25 billion worth of investment, the United States remained a top destination for major venture capital firms.
The United Kingdom was second, followed by India, Germany and France. Overall investment in FinTech decreased in the second quarter compared to the first quarter of 2022.
“It is important for us to maintain this momentum now. The UK is currently receiving more investment than Europe as a whole and is the second largest in the world after the US. Building this leadership, the UK is in the FinTech business. We need to continue to work with industry, government and regulators to ensure that we remain the best place in the world to start, build and expand. This is not just the financial services sector, but the entire UK. Will benefit from new, innovative and more effective products that will have a positive impact on our population and enhance financial health, “said Janine Hirt, CEO of Innovate Finance. Said..
Difficult environment
The sector is experiencing one of the worst phases as the reputation of fintech giants like Stripe and Klarna plummets. Investment in the US financial technology sector as a whole fell by almost 10% in the first half of the year.
Internally, we can get insights into what’s happening in the public market. Looking at publicly available data on equities and bonds, we began to see the early stages of market overheating in December 2021. In addition to the technical aspects, Eric Mostenicky, Vice President of Fidelity International Strategic Ventures, said:
In a recent report released by Innovate Finance, the company states that the UK’s fintech sector reached $ 9.1 billion in the first half of 2022, boosting investment by 24%.
With 3,046 transactions, the international fintech sector saw an investment worth $ 59 billion. With US fintech startups raising $ 25 billion worth of investment, the United States remained a top destination for major venture capital firms.
The United Kingdom was second, followed by India, Germany and France. Overall investment in FinTech decreased in the second quarter compared to the first quarter of 2022.
“It is important for us to maintain this momentum now. The UK is currently receiving more investment than Europe as a whole and is the second largest in the world after the US. Building this leadership, the UK is in the FinTech business. We need to continue to work with industry, government and regulators to ensure that we remain the best place in the world to start, build and expand. This is not just the financial services sector, but the entire UK. Will benefit from new, innovative and more effective products that will have a positive impact on our population and enhance financial health, “said Janine Hirt, CEO of Innovate Finance. Said..
Difficult environment
The sector is experiencing one of the worst phases as the reputation of fintech giants like Stripe and Klarna plummets. Investment in the US financial technology sector as a whole fell by almost 10% in the first half of the year.
Internally, we can get insights into what’s happening in the public market. Looking at publicly available data on equities and bonds, we began to see the early stages of market overheating in December 2021. In addition to the technical aspects, Eric Mostenicky, Vice President of Fidelity International Strategic Ventures, said: