The London Fintech Boom — TransferWise And Others Hit Record Numbers


Slowly but surely a revolution has been taking place in financial technology, or fintech as we call it these days. These days fintech’s hottest sphere is not in Bloomberg terminals but in disruptive cloud startups, using the Internet as a route around the dedicated lines of the past. Globally, fintech investment has more than tripled over the past three years, according to a recent study by Accenture. It’s risen from $928 million in 2008 to $2.97 billion in 2013. Fintech investment has increased at — check this out — more than four times the rate of overall VC investment.

The U.S. is still the dominant market for fintech investment value, but the fastest growing region for fintech deals is now the combination of the U.K. and Ireland, where deal-volume has been growing at an annualized rate of 74% since 2008 vs 27% globally and 13% in Silicon Valley. What’s…

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