6x Euro fintech

6x Euro fintech

London dominates European fintech investing

London dominates European fintech investing

Seventy per cent of funds raised by all private European fintech outfits in the first quarter was picked up by companies based in just half a dozen countries in the shape of London, Berlin, Stockholm, Paris, Barcelona and Amsterdam.

And more than one third of the aggregate of $1.16 billion in fintech investments went to London firms FinTech companies (36% of the total), more than three times as much as companies located in second-placed Berlin (12%), according to data and research provider FinTech Global.

“The figures show London has proven to be resilient to the Brexit vote of June 2016 and that other European cities made huge strides in raising their levels of activity,” says FinTech Global. “Whether London can stay so far ahead of the pack after last week’s UK general election remains to be seen as the competition between European cities intensifies further.”

The top 10 European cities by total capital invested in FinTech companies in 1Q17 – Ranking, City, Capital invested in 1Q17 ($ million):-

1,    London, 421

2,    Berlin, 140

3,    Stockholm, 96

4,    Paris, 79

5,    Barcelona, 51

6,    Amsterdam, 36

7,    Zurich, 25

8,    Oslo, 17

=9,    Dublin, 3

=9,    Copenhagen, 3

Image: Steve Mullins

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