Growth of Fintech in the UK
The UK and Ireland is now the fastest-growing region for Fintech investment (Accenture).
Deal volumes here have been growing at 74 percent a year since 2008, compared with 27 percent globally and 13 percent in Silicon Valley.
During the same period, the value of Fintech investment increased nearly eightfold, to US$265 million in 2013 – a rate of 51 percent a year, nearly twice the global average (26 percent), and more than twice that of Silicon Valley (23 percent).
This report examines the UK’s unique environment for growth.