UK-based financial tech firms won sevenfold funding rise last year to $37bn

KPMG data shows London fintechs received more investment than Europe, the Middle East and Africa

Investment in financial tech firms in the UK grew sevenfold last year to $37.3bn (£27.5bn), according to KPMG, with London attracting more fintech funding than the rest of Europe, the Middle East and Africa (EMEA) put together.

The investment total was boosted by 601 deals that were finalised in the UK in 2021, the financial services firm said, up from 470 the year before.

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