UK fintechs top of table for scale-up investment

UK fintechs have attracted more scale -up investment in the past three years than their counterparts in any other country, new research suggests.

Fin techs in the UK secured £4.5 billion to scale up between 2015 and 2018, placing the sector top of the table internationally, according to the latest annual report from Tech Nation.

The scale-up network found that, overall, UK tech companies managed to attract 5 percent of global high-tech scale -up investment in 2018, ranking fourth on the global stage behind the US, China and India.

London remains the UK’S leading region for attracting high-growth tech investment, receiving £9bn in the three-year spell.

Eileen Bur bid ge, partner at Passion Capital and chair of Tech Nation, said: “The UK has an incredibly pivotal role in the global tech scene.

“Nowhere is this more evident than in the fintech sector where the UK is ranked number one in the world; an en viable po sition.”