The largest deals on the UK fintech market were investment rounds Revolut, Molo and Monzo.
The British fintech sector remains the leader in the amount of funds raised from investors in Europe. According to a study by the non-profit organization Innovate Finance, in 2020 fintech startups from the UK attracted $ 4.1 billion in investments, second only to companies from the United States in this indicator.
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- In 2020, global investment in the fintech sector reached $ 44 billion in 3,052 deals, up 14% from a year earlier. Over the past 12 months, American startups have raised $ 22 billion, a 29% increase over 2019.
- European fintech startups have raised a total of $ 9.3 billion. As mentioned above, UK startups received the most money. Germany is in second place ($ 1.4 billion), followed by Sweden ($ 1.3 billion).
- The largest deals in 2020 were investment rounds of Gojek ($ 3 billion), Stripe ($ 850 million) and Chime ($ 700 million). The largest investments in Europe attracted Klarna ($ 650 million), Revolut ($ 580 million) and N26 ($ 570 million); in the UK – Revolut, Molo ($ 343 million) and Monzo ($ 166 million).
- 91% of the capital ($ 3.8 billion) raised by British startups came from London-based companies.
- Innovate Finance noted the growing support for UK fintech startups with women founders. In 2020, they accounted for 17% of the total investment ($ 720 million), which is 11% more than a year earlier.
According to Crunchbase, American companies with women founders raised only 0.9% of the total funding for local fintech startups in the same period. Women face prejudices that are still difficult to overcome.