• The WealthTech sector recorded the most FinTech deals in the UK during the first half of 2022 with 57 deals, a 19.7% share of total FinTech transaction completed in the country. The UK WealthTech sector’s largest deals in H1 2022 were completed by FNZ (£1.03bn), a wealth management platform for financial institutions, Monzo (£350.6m), a digital-only bank platform and marketplace, and Atom Bank (£75m), a mobile banking app.
• UK FinTech deal activity projections have dropped from Q1 2022 due to lower volume of transactions in the second quarter. Deal activity in the UK is now expected to reach 578 deals in total, a 19% drop from 2021 levels although the country continues its dominance as the FinTech hub in Europe which can be seen by combining the total deal projections of the next top three countries in Europe (Germany, France, Switzerland) which comes to 484.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global
