Key European FinTech investment stats in H1 2025:
- European FinTech deal activity dropped by 40% YoY in H1
- Investors diversify as five countries represented in the top 10 European FinTech deals list
- Dojo, a London-based payments platform enabling high-speed, in-person transactions with robust “always-on” connectivity, secured one of the largest European FinTech deals for the first half of the year with a $190m equity investment
European FinTech deal activity dropped by 40% YoY in H1
In H1 2025, the European FinTech sector recorded 393 transactions, representing a 40% decline compared with the 657 deals completed in H1 2024.
Total funding also fell notably to $8.7bn, down 27% from the $11.9bn raised during the same period last year.
While both deal activity and funding experienced substantial contractions, the sharper fall in the number of transactions compared with capital raised suggests that investor focus is shifting towards fewer but relatively larger deals.
This downturn highlights ongoing investor caution across the European FinTech landscape, influenced by tighter capital availability and wider macroeconomic uncertainty.
Investors diversify as five countries represented in the top 10 European FinTech deals list
The top 10 deals in H1 2025 demonstrated a more diversified spread across European markets compared with H1 2024.
The United Kingdom continued to lead, securing four top deals, although this was a marked decline from eight in the prior year.
Germany strengthened its presence with three top deals, while Malta and the Netherlands appeared on the list for the first time, each securing one deal.
France maintained a consistent position with one top deal in both periods, while Switzerland, which was present in H1 2024, was absent in 2025.
This changing composition of top markets reflects a gradual broadening of the European FinTech investment landscape, with emerging markets gaining ground even as the UK retains its dominance.
Dojo, a London-based payments platform enabling high-speed, in-person transactions with robust “always-on” connectivity, secured one of the largest European 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.
Keep up with all the latest FinTech research here
Copyright © 2025 FinTech Global
