Investment in UK fintech tops pre-Brexit levels in H1

OVER half a billion dollars were poured into British financial technology (fintech) companies in the first half of 2017, over a third more than the same period last year, trade body Innovate Finance said on Wednesday, in the latest sign the fast-growing sector is so far weathering Brexit.

UK-based fintech startups pulled in US$564mil of venture capital investment in the first six months of the year, more than half of which came from outside Britain.