Despite a global pandemic the fintech industry saw an uptake in investment during the first half of 2020 compared to the same period the year before.
According to study published by Accenture, investments were up 3.8 per cent in the first half calculating to over £2 billion.
The industry saw an influx of payment start ups influenced heavily by a cashless society, as well as a number of insurtech businesses which saw a huge 66 per cent growth year on year alone.
To fuel this growth, there has been several early stage investors who have dominated the market and taken on the lion share of these organisation in order to support scale and growth.
We look at the venture capital players who are investing in the highest volume of UK fintech startups.
Localglobe has seeded impactful London founders since 1999 at places like Citymapper, Improbable, Lovefilm, Moo, Transferwise and Zoopla.
A venture capital firm that invests in London based technology businesses, Localglobe usually invests in small to medium early growth stage firms looking to scale and experience rapid growth.
Since 2010 Anthemis has been at the centre of a vibrant eco-system of startups that are dedicated to reinventing the fintech industry. A committed group of investors with a passion for technology and belief in the transformative power digital financial services can provide.
Business who have received funding support from Anthemis include Artivest, Apollo, goin, tide, Tremor and yulife.
In September this year in a City AM exclusive, Angharad Carrick highlighted how leading figures in the fintech industry have launched an initiative aimed at tackling harassment and promoting diversity within the sector. Initial signatories include Anthemis, Augmentum VC, Outward VC, and more.
Balderton Capital is focused exclusively on backing the best European-founded technology companies. In the past two decades since they were founded in 2000, they have worked with hundreds of extraordinary European founders, and raised eight funds totaling more than $3 billion.
Investments have included businesses such as Virtuo, depop, Lyst, vivino, Gocardless, Revolut and crowdcube to name just a few.
They pride themselves on a team orientated approach to build breakthrough technology companies that will change the way their industries operate.
Index Ventures is a venture capital firm which typically invests in Fintech, software, business services and communications globally. They are particularly interested in firms with innovative and disruptive business ideas with large market opportunity.
Helping entrepreneurs turn bold ideas into transformative international businesses. They’ve helped business including Adyen, Deliveroo, Dropbox, Farfetch, King, Slack and Supercell turn into industry giants.
Index is more than just ‘tech investors’ they pride themselves in investing in people and the relationships they build with the business owners they work with. Opportunity is the best investment in their eyes with many exciting investments on the horizon for the year ahead.
Are you a VC looking to raise your profile in the media or amongst exciting fintech start-ups?
Perhaps you’re a Fintech start-up wanting to build your profile to get on the radar of one of the above? If so, drop us a line via our contact page.
