The Fintech Sector in the UK Attracts £3 billion in 2020

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The fintech companies in the UK attracted £3 billion ($4.1 billion) investment in 2020, the greatest figure across Europe. The stated amount was invested across a total of 408 deals last year. The US stayed the leader in international fintech capital raised as the American companies drew nearly $22 billion funding in 2020.

According to a report by Innovative Finance, global fintech investment reached $44 billion in 2020, a 14% jump compared to 2019. The report tells that the UK is behind the US in the global fintech investment ranking.

Indonesia ranked third with nearly $3.3 billion investment, followed by India in fourth with around $2.6 billion fintech funding. Apart from the UK, countries like Germany and Sweden did nicely in the European region. Germany attracted $1.4 billion investment across 71 deals, a 50% jump compared to 2019, while Sweden secured $1.6 billion in funding.

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