24 August 2016
Find out more

Fintech leads London investment boom

05 September 2014  |  10042 views  |  0 london tower bridge

Fintech startups have emerged as the hottest ticket in London for venture capital investors, taking the lion's share of VC-directed funds in the first half of the year.

According to data from corporate finance house Ascendent, 22 fintech startups walked away with just under £300 million of VC funds in the first six months of the year. The figure is more than the combined totals scooped up by the software and cleantech sectors, and represents a clear majority share of the £520 million directed towards the internet/mobile services sector in which fintech is bracketed as a sub-set.

With fintech leading the charge, the internet/mobile services startup sector enjoyed unprecedented growth in the first six months of 2014, capturing more than double the total £259 million invested in the whole of 2013. Again, reflecting the gravitational pull of London, the capital completely dominated the sector taking 88% of funds invested and 79% of number of deals.

"Are we in a bubble?" asks Ascendant. "Some of the warning signs that were troubling us at that time have eased - syndication has increased and growth has slowed - and so we continue to believe that there is no bubble, but we are watching the market carefully."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fintech players back UK's Startup Manifesto

Fintech players back UK's Startup Manifesto

04 September 2014  |  7204 views  |  0 comments | 17 tweets | 9 linkedin
VCs join fintech gold rush

VCs join fintech gold rush

08 August 2014  |  12192 views  |  0 comments | 35 tweets | 22 linkedin
UK fintech industry bands together to push innovation agenda

UK fintech industry bands together to push innovation agenda

06 August 2014  |  10437 views  |  0 comments | 21 tweets | 6 linkedin
Osborne looks to virtual currencies in bid to make UK world fintech capital

Osborne looks to virtual currencies in bid to make UK world fintech capital

06 August 2014  |  7977 views  |  0 comments | 20 tweets | 7 linkedin
Google UK MD to run new fintech investment fund

Google UK MD to run new fintech investment fund

06 August 2014  |  6594 views  |  0 comments | 10 tweets | 5 linkedin
Dancing with Unicorns: Top VCs ramp up fintech investment activity

Dancing with Unicorns: Top VCs ramp up fintech investment activity

28 July 2014  |  7439 views  |  0 comments | 11 tweets | 8 linkedin
New York set to overtake Silicon Valley as fintech startup hub

New York set to overtake Silicon Valley as fintech startup hub

26 June 2014  |  12087 views  |  0 comments | 31 tweets | 16 linkedin
FCA to foster fintech innovation; Treasury pushes P2P, APIs and virtual currency

FCA to foster fintech innovation; Treasury pushes P2P, APIs and virtual currency

30 May 2014  |  14039 views  |  1 comments | 25 tweets | 17 linkedin
Finextra Future Money provokes strong views on fintech innovation

Finextra Future Money provokes strong views on fintech innovation

02 May 2014  |  15391 views  |  5 comments | 21 tweets | 16 linkedin
Start-up support seen as critical to future of London fintech scene

Start-up support seen as critical to future of London fintech scene

11 April 2014  |  6887 views  |  2 comments | 13 tweets | 5 linkedin
London enjoys fintech investment boom

London enjoys fintech investment boom

26 March 2014  |  7417 views  |  0 comments | 20 tweets | 16 linkedin

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
6635 views 0 | 48 tweets | 41 linkedin
Global fintech funding hits plateauGlobal fintech funding hits plateau
6233 views comments | 22 tweets | 21 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5791 views comments | 2 tweets | 3 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
5598 views 0 | 20 tweets | 10 linkedin

Featured job

Find your next job