London is still the major European FinTech centre

Chris Skinner, an independent commentator on the financial markets, author of the bestselling book Digital Bank and Chair of the European networking forum the Financial Services Club, says in his recent blog TheFinanser.com that “FinTech investment numbers are variable dependent upon how they are counted”. He continues to opine that the number he’d “been using for most of last year was that headline amount of $111.8 billion invested worldwide in over 12,000 start-ups. That number came from KPMG in 2019, who noted that most of that investment was flowing through Asia and China.”

“The United Kingdom ranked second globally (and number one in Europe) with $4.9 bn of investment (up 38% on 2018) across 359 deals (down 9%). The top five deals in Europe were Greensill Capital ($800m, UK), N26 ($470m, Germany), Klarna ($460m, Sweden), WeFox ($235m, Germany) and Checkout.com ($230m, UK). The UK saw significant fundraises in 2019, accounting for 7 of the 10 largest deals in Europe.”

To read the blog in full use this link.