London fintech funding soars in first half of the year

FILE PHOTO: The City of London financial district is seen with office skyscrapers commonly known as 'Cheesegrater', 'Gherkin' and 'Walkie Talkie' seen in London, Britain, January 25, 2018. Picture taken January 25, 2018. REUTERS/Toby Melville/

LONDON (Reuters) - Fintech companies based in London raised more funding from venture capital investors in the first six months of 2021 than in any other year, demonstrating the British capital's resilience as a hub for digital financial services post-Brexit.

Investors poured $5.3 billion into London fintech startups in the first half of the year, compared to $2.1 billion in the same period in 2020, new research from Dealroom and agency London & Partners found.