Bloomchain.ru reports that according to a study by non-commercial organization Innovate Finance, in 2020, UK-based startups raised USD 4.1bn - the second most after US-based companies.

Global investments in fintech reached USD 44bn in 2020, over 3,052 deals, which is 14% more than in 2019. In the last 12 months American startups raised USD 22bn – 29% more than in 2019.

In total, European fintech startups raised USD 9.3bn. As mentioned above, the British startups raised more than others. German startups had the second-best results (USD 1.4bn) and Swedish raised the third most (USD 1.3bn).



The largest deals of 2020 were the investment rounds of Gojek (USD 3bn), Stripe (USD 850m) and Chime (USD 700m). The highest amount of funds in Europe was raised by Klarna (USD 650m), Revolut (USD 580m) and N26 (USD 570m); in the UK by Revolut, Molo (USD 343m) и Monzo (USD 166m).

91% (USD 3.8bn) of the capital raised by British startups was channeled to London-based companies.

Innovate Finance notes there is growing support for British fintech startups that are founded by women. In 2020, their share of the total amount of investments was 17% (USD 720m), which is 11% higher than what they received in 2019.

At the same time, American companies founded by women had the share of just 0.9% of the total amount of funds raised in the US. Women are still facing bias that is hard to overcome.

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