Geopolitical uncertainty, inflation, and high interest rates have subdued investment compared to 2021.
EMEA fintech investment dropped from $19.1 billion in H2 2023 to $11.4 billion in H1 2024.
Total fintech investment in the UK reached $7.3 billion in
the first half of 2024. This is a significant increase from $2.5 billion in the
same period of 2023. The data comes from KPMG’s latest Pulse of Fintech report,
released today (Tuesday) August 2024.
Despite this increase, the investment climate remains
cautious. Geopolitical uncertainties, high inflation, and elevated interest
rates have led to more subdued levels of investment compared to the record
highs of 2021.
Major Deals Inflate Figures
A major factor in the H1 2024 total was the size of several
large deals. Notable transactions included Leonard Green’s $4 billion buyout of
financial software company IRIS Software Group, a $999 million venture capital
round for the small business marketplace platform Abound, and a $621 million
funding raise by neobank Monzo. Excluding these large deals, UK fintech
investment would have been $1.8 billion.
Hannah Dobson, Partner and UK Head of Fintech at KPMG UK, Source: KPMG
In the first half of 2024, there were 198 M&A, private
equity, and venture capital deals in the UK fintech sector. This is a decrease
from 284 deals in the same period of 2023.
Despite this drop, the UK continues
to lead European fintech investment. UK fintech companies attracted more
funding than those in the rest of Europe, the Middle East, and Africa (EMEA)
combined.
Hannah Dobson, Partner and UK Head of Fintech at KPMG UK,
said: “We are expecting to see growing investment interest in AI and its use in
the fintech and regtech space.”
“Regulation remains a key focus in the EU,” she added, “particularly with crypto and digital asset businesses as they navigate the new
EU’s Markets in Crypto Assets regulation, which is expected to arrive in
December 2024.”
EMEA Deals Drop Sharply
The overall fintech investment in the EMEA region fell
significantly in H1 2024, dropping from $19.1 billion in the second half of
2023 to $11.4 billion.
The largest fintech deals in EMEA, outside of the UK,
included the $652 million buyout of payments firm Banco BPM Gruppo and the
acquisition of the Swiss e-invoicing company Pagero by Thomson Reuters.
Total fintech investment in the UK reached $7.3 billion in
the first half of 2024. This is a significant increase from $2.5 billion in the
same period of 2023. The data comes from KPMG’s latest Pulse of Fintech report,
released today (Tuesday) August 2024.
Despite this increase, the investment climate remains
cautious. Geopolitical uncertainties, high inflation, and elevated interest
rates have led to more subdued levels of investment compared to the record
highs of 2021.
Major Deals Inflate Figures
A major factor in the H1 2024 total was the size of several
large deals. Notable transactions included Leonard Green’s $4 billion buyout of
financial software company IRIS Software Group, a $999 million venture capital
round for the small business marketplace platform Abound, and a $621 million
funding raise by neobank Monzo. Excluding these large deals, UK fintech
investment would have been $1.8 billion.
Hannah Dobson, Partner and UK Head of Fintech at KPMG UK, Source: KPMG
In the first half of 2024, there were 198 M&A, private
equity, and venture capital deals in the UK fintech sector. This is a decrease
from 284 deals in the same period of 2023.
Despite this drop, the UK continues
to lead European fintech investment. UK fintech companies attracted more
funding than those in the rest of Europe, the Middle East, and Africa (EMEA)
combined.
Hannah Dobson, Partner and UK Head of Fintech at KPMG UK,
said: “We are expecting to see growing investment interest in AI and its use in
the fintech and regtech space.”
“Regulation remains a key focus in the EU,” she added, “particularly with crypto and digital asset businesses as they navigate the new
EU’s Markets in Crypto Assets regulation, which is expected to arrive in
December 2024.”
EMEA Deals Drop Sharply
The overall fintech investment in the EMEA region fell
significantly in H1 2024, dropping from $19.1 billion in the second half of
2023 to $11.4 billion.
The largest fintech deals in EMEA, outside of the UK,
included the $652 million buyout of payments firm Banco BPM Gruppo and the
acquisition of the Swiss e-invoicing company Pagero by Thomson Reuters.
United Fintech Scores Sixth Backer Days After Barclays Deal
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
