London attracted 114 deals worth $2.1 billion in the first eight months of the year, according to new research.
"Generally what you're seeing is a maturing of the sector," Crosswell told CNBC in an interview. "The numbers of deals are coming down slightly but the size is going up. That's very natural and we would expect to see that as companies are becoming more successful and scaling globally as well."
The U.S. is still easily home to the largest fintech market in the world, with start-ups in the country having raised nearly $9.4 billion so far this year. But local industry executives argue that Britain and the rest of Europe are ahead of the curve when it comes to innovation in the financial services industry, as well as the adoption of new fintech apps and"There is much more advanced competition in the U.K.," Shachar Bialick, co-founder and CEO of fintech firm Curve, told CNBC. "In Europe it's significantly higher than the States. The U.S. is very much behind when it comes to new fintech technologies.
The U.K. is home to a flood of new banking challengers which have gained popularity by offering customers little more than an app and debit card. The so-called "challenger bank" model has helped upstarts draw in millions of users, with Revolut having recently hit over 7 million users and Monzo hitting 3 million. Revolut is seeking to raise a fresh round of funds later this year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Callum Izzard jets off to New York without new fiancée Georgia SteelCallum and Georgia took time apart as the hunk headed off to New York while the Love Island bombshell jetted to Ireland
Leer más »
Who's New at New York Fashion Week12 names to know before everyone else.
Leer más »
Uber sues New York City over cruising and licensing capsUber Technologies Inc sued New York City on Friday, seeking to void a new rule l...
Leer más »
Sugarfina Sues to Get Back Candy Held Hostage at New York WarehouseSugarfina sued GLJ Inc., also known as Midnitesnax, and MJC Confections LLC, also doing business as the Hampton Popcorn Company, for allegedly holding its sweets as collateral for missed payments. The suit was filed Thursday in the U.S. Bankruptcy Court in Wilmington, Del.
Leer más »
UK PM Johnson to meet European leaders in New York in push for Brexit dealBritish Prime Minister Boris Johnson will hold talks with European leaders on th...
Leer más »
Walt Disney Co. Chairman/CEO Bob Iger Opens Up In Revealing New York Times InterviewWalt Disney Co. chairman and CEO Bob Iger gave an extensive and revealing interview that ran today in the New York Times, talking about his rise to the top position, his regrets and triumphs, and w…
Leer más »