Key UK FinTech investment stats in Q2 2025:
- UK FinTech funding dropped by 62% YoY in Q2
- Deals over $100m decreased by 31% YoY due to a more measured investment approach by investors
- Dojo, a London-based payments platform enabling high-speed, in-person transactions with robust “always-on” connectivity, secured one of the largest UK FinTech deals for the first half of the year with a $190m equity investment
UK FinTech funding dropped by 62% YoY in Q2
In Q2 2025, the UK FinTech market recorded 71 deals, down 3% from the 73 deals completed in Q2 2024 but up 22% from the 58 deals seen in Q1 2025.
Total funding reached $1.4bn, reflecting a 26% drop from the $1.9bn raised in Q2 2024, though it remained flat compared to the $1.4bn secured in Q1 2025.
Despite the YoY decline in funding, the QoQ increase in deal activity suggests a cautious return of investor interest.
The average deal size in Q2 2025 was $20.2m, down from $26.5m in Q2 2024 and $24.6m in Q1 2025, indicating a more measured investment approach, with capital spread across a broader number of mid-sized rounds.
Deals over $100m decreased by 31% YoY due to a more measures investment approach by investors
Deals under $100m contributed $457.8m in Q2 2025, down 13% from the $527.2m recorded in Q2 2024 and 4% below the $478.2m raised in Q1 2025.
Larger deals of $100m or more accounted for $973.6m in Q2 2025, a 31% decrease from the $1.4bn raised in Q2 2024 but a modest 2% increase compared to Q1 2025’s $950.5m.
The quarter’s marginal rise in large-ticket funding suggests selective confidence among investors, while the sustained pullback from smaller rounds reflects continued caution in backing early-stage UK FinTechs.
Dojo, a London-based payments platform enabling high-speed, in-person transactions with robust “always-on” connectivity, secured one of the largest UK FinTech deals for the first half of the year with a $190m equity investment
The investment was from Vitruvian Partners.
This marks the company’s first external equity raise and is set to significantly accelerate its growth.
Founded in 2021, Dojo has quickly become a leader in the UK payments space, processing between 6m and 9m transactions daily and engaging with over 50m unique consumer cards each month.
The new capital will support its expansion across the UK and into key European markets such as Ireland, Italy, and Spain, while strengthening its capabilities to serve a wide spectrum of clients, from SMEs to large enterprises.
Backed by Vitruvian’s FinTech expertise, the investment will further enhance Dojo’s ability to scale its operations and capitalise on the growing shift towards embedded and integrated payments across the region.
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