Venture Capital investment into London's booming fintech industry in the first nine months of the year has already eclipsed the sums raised throughout 2014, according to data from London & Partners.
The Mayor of London's promotional company says the capital's fintech sector continues to attract record levels of VC investment with a total $554 million raised this year by September, already surpassing 2014’s total of $487 million.
Among the biggest deals in the current quarter was a $10 million investment in alternative finance firm MarketInvoice by Northzone.
Anil Stocker, co-founder and CEO of MarketInvoice, says: "The city is playing host to a dazzling array of high-growth tech firms, and the positive investment environment should see some of these companies scale into international tech leaders - the greatest potential for this is clearly in the fintech space, where the talent mix of tech and finance experts is already making us a global leader.”
The positive news is not solely limited to fintech investment, with tech firms across the UK as a whole enjoying a $2.2 billion spend by VCs so far this year, outstripping the $2.1 billion raised in the whole of 2014.