Tag: Snyk

UK FinTech companies raised over £3.7bn across 137 deals in the first three months of 2021 As London established itself as the FinTech capital...

CyberTech companies raised $6.2bn across 354 transactions in 2020

Cybersecurity company Snyk closed a $300m funding round taking its valuation to $4.7bn.

Investors shrugged off Brexit and coronavirus uncertainty and backed 376 FinTech rounds in the UK last year

London wrestled the top spot for RegTech deal activity from San Francisco in the third quarter, now leading the 2020 investment league.

Companies in the UK completed 116 deals in the third quarter raising £1.8bn, the highest level in 12 months.

From cybersecurity unicorn Snyk's $200m funding round to payment service provider startup Mollie's €90m new cash injection, the last week was full of FinTechs completing funding rounds.

Having joined the unicorn club earlier this year, cybersecurity venture Snyk has added another $200m to its coffers in a new funding round.

FinTech deal activity in Q2 hit a five-quarter low as deal pipelines are drying up and investors taking a more cautious approach due to economic uncertainty.

The total funding recorded in Q3 is just half of the total raised in the opening quarter of 2020 as the pandemic leaves investors wary of writing big cheques.