Metrics Monthly | November 2019 | UK Edition

In the news US firms have invested £3.4bn in the UK Fintech industry Recently unveiled research from Pitchbrook and London & Partners shows that US firms have invest- ed a record £3.4bn in UK Fintech companies in 2019 alone

The research, which suggests more investment is to come, explains that the UK’s relationship with Silicon Valley has resulted in London becoming home to more Fintech deals than any other city. UK Fintechs such as Revolut, Monzo and Transferwise have seen huge investment, ahead of planning to launch in the US. In June, Monzo announced

a £113m cash injection from Y Combi- nator Continuity and Latitude, following their announcement of plans to roll out Monzo in the US. Mayor of London Sadiq Khan described London as “one of the best places in the world to do business” and said that the record investment is no surprise. Inves- tors in the Silicon Valley and the Bay

Area have invested more money into UK companies in the last five years than they have in German and French com- panies combined. This suggests that, despite the uncertainty around Brexit and the upcoming election, London could well be on the way to becoming the Fintech capital of the world.

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06 | Metrics Monthly

November 2019 | UK Edition

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