Fintech investment remains strong in 2020
At a time when the only certainty was uncertainty itself, fintech investments stood out as beacons of resilience in 2020. Our research shows the sector maintained investment volume during the extraordinary year, even as overall growth capital investments fell 11% over the same period between 2019 and 2020.
“The figures are encouraging, though not surprising,” says Tom Moore, Head of Financial Services and Fintech at Moore Kingston Smith. “As the world stood still in Q2 2020 owing to the escalating pandemic, a global shift in work, school and general life patterns led to unprecedented change, with the pace of technological adoption greatly accelerated as a result. Fintech was a big part of this, as it enabled an element of business continuity for firms that could still service customers remotely. This is unlikely to recede once normality returns, so investor appetite is strong.”
Read more in our report.