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London fintech investment in first three quarters surpasses 2014 total

08 October 2015  |  10573 views  |  0 London Gherkin building

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.
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