Fintech & Ecommerce

UK fintech investment continues to increase despite the global decline

While global fintech capital investment showed no growth in the first half of the year, the UK saw a 24% year-on-year increase



According to data from Innovate Finance, the UK fintech sector received $9.1bn of capital investment across 294 deals in H1 2022. Compared to 2021, the funding grew by 24%. Last year, UK-based fintechs received $7.3 billion across 375 deals in H1. 

Total investment and the number of deals in British digital tech companies have steadily risen since 2012. The tech sector has experienced rapid growth over recent years due to the country’s excellence in R&D, innovation and creative thinking. The vibrancy of the nation’s startup and scaleup landscape has also contributed to healthy fintech development. 

Meanwhile, the total capital invested into fintech globally reached $59 billion in the first half of the year. For comparison, global fintech investments in H1 2021 recorded US$98 billion across 2,456 deals. 

"The UK is currently receiving more investment in FinTech than all of Europe, second only in the world to the US. We must continue to work together - industry, government and regulators - to build on this leadership and ensure the UK remains the best place in the world to start, build and scale a FinTech business."
Janine Hirt
CEO, Innovate Finance

Funding has been tougher to secure for the growth fintech sector as the wider economy is on the brink of collapse. We have previously reported that nearly half a trillion dollars has been wiped off the valuation of fintech firms this year compared to their peak valuation.


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Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.