- Kirsi Larkiala
Global Fintech Investment numbers are out!
The world is hyped about FinTech.
Overall, global fintech investment for 2020 reached $44 billion across 3,052 deals. The USA attracted investment of $22 billion, up 29%, while Indonesia ranked third with $3.3 billion and India fourth with $2.6 billion. In Europe, the UK captured almost half of the total $9.3 billion invested. The UK beat Germany, France, Sweden, Switzerland, and the Netherlands combined.
Despite the uncertainty of the COVID-19 pandemic, the 2020 FinTech investments still remained impressive considering the situation, but in average it took app. 12-19 months (even more if B2B cases) to get cases funded.
The UK fintech sector has retained its role as the top-ranking investment destination in Europe despite of Brexit with $4.1bn invested in 2020. London-based firms attracted 91% of capital invested in UK Fintech, receiving $3.8 billion across 310 deals, including Revolut, Molo, and Monzo and the UK ranks 2nd only to the US in total capital raised.
In Europe, the largest investments were Klarna in Sweden( $650 million), Revolut in the UK ( $580 million) and N26 in Germany ($570 million).
Buy now, pay later company Klarna from Sweden became the highest-valued private fintech in Europe after raising €537million in an equity funding round in September. The funding round was led by Silver Lake, alongside GIC, as well as accounts managed by BlackRock and HMI Capital.
Source: Innovate Finance, Forbes