Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1022907487
February 13 2018

UK fintech investments soared to £3bn in 2017

Suzie Neuwirth Global News, Industry News, News Anton Ruddenklau, fintech, KPMG, Murray Raisbeck, private equity, venture capital

MORE THAN $4.2bn (£3.02bn) was invested in UK-based fintech companies last year, up from $0.7bn in 2016.

According to the latest KPMG Pulse of Fintech report, the UK now accounts for more than half of the total European market ($7.2bn) and 14 per cent of the global total ($31bn).

“The UK’s fintech market remains remarkably resilient,” said Anton Ruddenklau, partner and head of digital and innovation, financial services, at KPMG UK. “The final quarter of 2017 saw the most deal activity since 2014, largely driven by payment companies.

“As we enter a world of open banking, I expect that to continue. Large financial institutions still have deep investment pockets, the big banks want to get involved in fintech and acquire start-ups to help meet their growth ambitions. We’re likely to see more purchasing than investment through 2018.”

Last year, fintech investments were driven by a combination of private equity deals and venture capital fundraising. There were a record-breaking 139 private equity deals across 2017, generating more than $17bn in fintech funds.

Read more: Record year for UK fintech VC investment

Corporate investing also picked up, accounting for 19 per cent of all VC deals last year. However, corporate participation amounted to just $5.4bn globally, compared with $9.7bn the previous year.

KPMG’s report also confirmed that the US still dominates global fintech investment, with $5.9bn invested in the fourth quarter of 2017 alone. By contrast, Asia-based fintech funding is on the decline. Just $3.85bn was invested in Asian fintech companies in 2017 – down from more than $10.8bn in 2016.

“The fintech market is continuing to expand and evolve,” said Murray Raisbeck, global co-lead for fintech at KPMG. “So much is happening – from the increasing focus on insurtech and blockchain, to the ramifications of maturing companies, such as challenger banks, looking to expand and grow. With regulations changing, particularly in Europe – 2018 will likely be an exciting year.”

Read more: Majority of public unaware benefits of fintech

Read more: Attracting talent crucial to UK remaining fintech centre

ETHLend alters terms to encourage use of its own digital currency Stock market flotations will take P2P to the next level

Related Posts

Bank of England

Industry News, News, Top 3

Bank of England supports fintechs to scale-up

Woman has video conference with her remote team using laptop and camera

Industry News, News, Top 3

Remote working set to continue for finance and tech workers

Businessman is pressing button on touch screen interface and selecting "Pricing".

Industry News, News, Property, Top 3

Blend Network updates product prices

Popular posts:

  • Business Loan Network appoints administrators
  • Starling Bank ready to acquire a lending business
  • Funding Circle chief turns down £190,000 pay rise
  • LCF law firm responds to Treasury compensation scheme
  • PwC brings fintechs together for collaboration
  • Chancellor unveils raft of measures for fintech sector
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by