In 2016, investments in financial technology (FinTech) companies have doubled compared with the same period last year. So it is not surprising that the UK seems to be awash with FinTech companies – 2,000 today compared with 800 in April 2015 – receiving investments of £524m last year in a sector that employs 61,000 people and generates revenues of £6.6bn.
But the FinTech market is still young. There are only a few examples of FinTech ‘Unicorns’, young companies with market valuations above $1bn. And not many FinTech businesses are listed on the stock market. So few FinTech companies can report meteoric success. But the longer-term financial performance of such companies, and the return on investments by angels, trade investors, Venture Capital firms and Private Equity, is yet to be proven. And sometimes, FinTech business fail spectacularly... To read more download the paper below.
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