Fintech companies based in London raised record funding from venture capital investors in the first six months of 2021, Bloomchain.ru reports.

Investors poured $5.3 billion into London fintech startups in the first half of the year, 150% more as compared to $2.1 billion in the same period in 2020, new research from Dealroom and London & Partners agency found.

London’s boom tracked soaring fintech investment levels globally as coronavirus lockdowns drove adoption of digital financial services, including payments and trading.

Fintech companies globally raised $54.1 billion between January and June, overtaking the total amount secured in the two previous years, the research showed. European fintech firms raised $13.9 billion, up 51% on full year 2020 investment levels. London fintechs accounted for a large share of Europe’s growth, representing over a third of the region’s funding.



Globally, the city of London ranks second behind San Francisco ($7.2 billion) and slightly ahead of New York ($5.2 billion).

London is home to 3018 fintech companies - more fintechs than any other city globally. As the biggest global fintech cluster, the UK capital is also producing some of the world’s fastest growing fintech companies and is now home to 29 fintech unicorns, second only to San Francisco’s 37.

As the world continues to tackle the climate crisis, there are signs of early growth of a new generation of European fintechs focused on green impact. London is home to 30% of the 62 “green” fintech startups in Europe.

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