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UK fintech’s bumper investment run may not survive Covid-19

Venture capital funding to the sector could plunge by 73% because of Covid-19, a new report warns

UK fintech’s bumper investment run may not survive Covid-19
Photo: Getty Images

The number of $1m-plus investments into UK fintechs has grown sixfold over the past three years, surpassing the US and Europe – but the Covid-19 pandemic could dramatically reverse the trend.

The UK saw 54 investment deals valued at more than $1m into UK fintechs in 2019, compared with just nine in 2017.

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