Fintech Composes 40% of Nearly $1.2 Billion in London-Based VC Funding in H1 2015
- During the first six months of 2015, $1.47 billion in investments, with $1.18 billion of investments taking place in London-based firms.
London & Partners has published data of total venture funding in the UK and London for the first half of 2015. During the first six months of the year, $1.469 billion in investments went towards UK companies in a total of 227 deals. Of that, 80% or $1.182 billion was investment in London-based firms in 158 separate deals.
Topping the list in London was the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl sector. Headed by payment and P2P lending startups such as Azimo, Transferwise, CurrencyCloud and Funding Circle, fintech firms accounted for 40% of the venture investments in London firms, for a total of $472 million. Of the deals, the largest was Funding Circle’s $150 million in funding which they secured in April.
London is now producing tech companies of genuine scale which are drawing serious money into the sector - Gordon Innes
The official promotional company for London, London & Partners assists the city in building its international Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( to attract visitors and investments. Commenting on the report, Gordon Innes, CEO London & Partners, stated, “London is rapidly becoming the most exciting city in the world for tech. Innovative entrepreneurs across the capital continue to produce exciting new companies which are attracting the eye of the world’s investment community. But five years after the tech city initiative was launched, London is now producing tech companies of genuine scale which are drawing serious money into the sector. It’s no wonder that tech is now such an important part of London’s economy.”
In terms of financial technology, the fintech sector has benefitted from government and London City initiatives such as accommodating regulation and incentives for startups. Among them include the Innovate Finance group which was created with backing from the City of London Corporation to connect fintech startups, large banks and regulators.
London & Partners has published data of total venture funding in the UK and London for the first half of 2015. During the first six months of the year, $1.469 billion in investments went towards UK companies in a total of 227 deals. Of that, 80% or $1.182 billion was investment in London-based firms in 158 separate deals.
Topping the list in London was the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl sector. Headed by payment and P2P lending startups such as Azimo, Transferwise, CurrencyCloud and Funding Circle, fintech firms accounted for 40% of the venture investments in London firms, for a total of $472 million. Of the deals, the largest was Funding Circle’s $150 million in funding which they secured in April.
London is now producing tech companies of genuine scale which are drawing serious money into the sector - Gordon Innes
The official promotional company for London, London & Partners assists the city in building its international Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( to attract visitors and investments. Commenting on the report, Gordon Innes, CEO London & Partners, stated, “London is rapidly becoming the most exciting city in the world for tech. Innovative entrepreneurs across the capital continue to produce exciting new companies which are attracting the eye of the world’s investment community. But five years after the tech city initiative was launched, London is now producing tech companies of genuine scale which are drawing serious money into the sector. It’s no wonder that tech is now such an important part of London’s economy.”
In terms of financial technology, the fintech sector has benefitted from government and London City initiatives such as accommodating regulation and incentives for startups. Among them include the Innovate Finance group which was created with backing from the City of London Corporation to connect fintech startups, large banks and regulators.