A report shared by KPMG says that UK Fintech investment almost tripled during the first half of 2024 when compared to the first 6 months of 2023. For H1 2024, there has been $7.3 billion invested in fintechs, up from $2.5 billion in the same period in 2023.

Howvere, the EMEA [Europe, Middle East, and Africa] region saw a significant drop in fintech investment, falling from $19.1 billion in H2 2023 to $11.4 billion in H1 2024.

Hannah Dobson, Partner and UK Head of Fintech at KPMG UK, commented on the report:

“There are hopes that fintech investment will start to show signs of recovery as we move into the latter part of the year and early 2025. We are expecting to see growing investment interest in AI and its use in the fintech space. Regulation remains a key focus in the EU - particularly with crypto and digital asset businesses as they navigate the new EU’s Markets in Crypto Assets (MiCA) regulation, which is expected to arrive in December 2024.”

The partner of Fintech section is