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UK ‘ranks third for global FinTech VC funding as firms raise $564m in H1 2017’

London FinTech

The UK has ranked third in terms of global FinTech VC investment, with companies attracting $564m during H1 2017.

According to Innovate Finance, the amount raised during the first half of this year represents a 37% increase on H1 2016 but is lower than pre-Brexit H1 2015 figures.

Additionally, the report shows that FinTech venture capital investment in Q1 17 and Q2 17 was higher than Q1 16 and Q2 16 by 45% and 22% respectively.

Some 102 deals were closed in UK FinTech, with Atom Bank, Funding Circle, Monzo and Currency Cloud reaching the top 5 in terms of size.

In fact, the data shows that Atom Bank and Funding Circle were also among the top 20 deals across the globe....