UK fintech investment down 34% in 2023, but remains European lead
Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG.
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Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG.
The UK fintech sector remained the dominant player on the European scene, despite a significant cut in funding.
The United Kingdom’s drive to be a global innovation hub for financial technology and cryptocurrency is backed by its financial regulators, which have developed regulatory frameworks and launched innovative initiatives to boost the fintech sector. They’ve also formed cooperative partnerships with similar industries, such as Singapore’s.
Here are the key factors driving growth in the financial technology space, and three fintech jobs being advertised right now
Total UK fintech investment dropped to $5.9bn in the first half of 2023, down 57% from $13.8 billion in the same period in 2022, says KPMG.