List: Investment in fintech has been soaring, the UK is leading in Europe, but there is one surprising laggard
In some recent research, Accenture found that global investment in fintech tripled in 2014, to $12.21bn, from $4.05bn in 2013. These are the places where investors are putting the most money into new, disruptive, financial technology.
Nearly $10bn was invested into the fintech space in America during 2014, and the country leads investment in fintech globally. However, despite its prominence in the tech world and all this money coming in, Silicon Valley is not considered a particular hotbed of fintech.
UK & Ireland
$623m was invested in the UK and Ireland in 2014. The numbers may be dwarfed by the much bigger US, but the UK, and London in particular, are considered the fintech capital of the world. UK and Ireland fintech investment leads the way in Europe as a whole. This year UK fintech firms had a combined value of £1bn.
The Nordic nations’ fintech scene received $345m of investment in 2014. Firms emerging from the region include mobile credit card payments system iZettle, which is from Sweden.
Despite its small size, the Netherlands still had $306m invested into fintech last year, firms include payment businesses Adyen and
AcceptEmail, and Bitcoin marketplace Bitonic.
German investors put just $82m into fintech firms during 2014. Deutsche bank research detailed 139 fintech firms headquartered in Germany during 2014. Berlin leads the way, with almost half the firms based there, while German financial centre Frankfurt holds only 11.