Investment in the UK’s financial technology industry rose by 150% last year, according to Innovate Finance and Pitchbook.

Over £1.3 billion was injected into start-ups in the UK, pushing the UK’s fintech market ahead of China.

Digital and culture minister, Matt Hancock said: “It is great to see Britain’s entrepreneurial juices are flowing with this record investment. 

“We will strain every sinew to back British enterprise and this level of investment will help create more for the good, well-paid jobs of the future that we want to see.”

There had originally been worries that Brexit would cause low investor confidence in the UK’s fintech sector, however, a report by research firm Beauhurst revealed that investment across all sectors more than doubled last year to £8.3bn.

Chief executive of fintech membership association, Innovate Finance, Charlotte Crosswell added:

“There is no doubt that London’s position as a leading financial and technology centre is driven by the UK’s focus on policy and talent, allowing us to attract the entrepreneurs and investors that are bringing real, positive change to the world of fintech.”

In a time of high amount investment, especially in start-ups, now could be the time to look for funding to take your business to the next step.

To start the process, contact us on 0115 958 6872, email info@midlandsassetfinance.co.uk or fill in an enquiry form for further information.

And if you don’t have time to speak to someone, our online tool, Asset Finance Compared, allows you to get a Decision in Principle in 60 seconds, wherever you are.

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