UK FinTech investment surges following regulation revamp – The National

UK FinTech investment surges following regulation revamp – The National

British FinTech firms received a record $11.6 billion in investments in 2021 as investors looked to capitalise on new regulation in the sector.

Total investment in UK financial technology firms rose more than 217 per cent last year, with the majority of global capital invested in later-stage growth funding, data from Innovate Finance, the UK FinTech industry body, showed.

Only FinTechs in the US recorded more investment, with an injection of $46bn.