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Fintech

The Fintech Files: VC funding craters in London, and ‘The Merge’ beckons

Not only did the total money invested fall – so too did the number of investments. Also, JPMorgan buys another fintech firm

By

Alex Daniel

Venture capital and other investment into the fintech sector in the UK plummeted to $9.6bn in the first half of 2022, a massive plunge from $27.8bn in the same period last year
Venture capital and other investment into the fintech sector in the UK plummeted to $9.6bn in the first half of 2022, a massive plunge from $27.8bn in the same period last year Photo: Alamy

City luminaries like Ron Kalifa still like to present London as the beating heart of fintech on this side of the Atlantic – but new research shows the pace is slowing.

Venture capital and other investment into the sector in Britain plummeted to $9.6bn in the first half, a massive plunge from $27.8bn in the same period in 2021, according to KPMG. 

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