#22 FINCUTS (Record Breaking UK Funding H1 2021)

–• Tanya Thourani

#22 FINCUTS (Record Breaking UK Funding H1 2021)

–• Tanya Thourani

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This #fincuts is all about record-breaking funding.

It’s not new that the investor appetite for UK fintech firms continues to grow. But why is 2021 so special?

Because – the fintech companies have raised more from venture capital investors in the first six months of 2021 than in any other year. In H1 2021, it outstripped the total investment secured in 2020 by 34% and breaking the record year set in 2019 by 26%. (reports Innovate Finance)

I feel proud that the UK has further cemented its status as a fintech hub even in the midst of a global pandemic and post-Brexit.

What has helped us

Cross-Pollination of 
– Diverse pool of entrepreneurs
– a huge historic financial center, with a lot of financial talent, already in the UK
– Access to talent from top tier universities

Support from Government & Regulators in the form of 

– Future Fund – a new £375 million scheme to drive investment in innovative firms of the future.
– Digital Sandbox – a digital testing environment to support firms to develop a proof of concepts
– Concessions for fintechs, like the recently announced ‘scale-up’ visa stream
– International Expansion through Export Academy and dedicated ‘Fintech Champions’ who are appointed to fly the UK flag internationally.

If you are a UK startup – what are your views?

WHAT THE EF***?

According to an article in Fintech Futures, Embedded Finance offers a very large addressable #market #opportunity worth over $7 trillion in ten years’ time, twice the combined value of the world’s top 30 #banks today 

WHY NOT?

The potential opportunity is massive. Nearly all aspects of our lives are “embedded” with #finance. So isn’t it fair that we get access to financial services on our own terms, from anywhere and at any time. 

WHAT I WANT? 

🚕 When getting a ride with Uber or buying food through deliveroo, I don’t want to fumble around at the end to provide payment

🛒 My new purchase on Klarna should instantly be split into instalment payments, with little friction and no credit card fees

🛗 An extra tick box on a car purchase should set up my insurance

And many more such instances without me noticing the finance if it’s properly embedded as it just becomes a part of the product.

WHAT ABOUT YOU?

Don’t know anything about it? 🧐
Here’s my quick dig on the basics of the #embeddedfinance through this #fincuts.

Have already experienced it and thinking about it? 😇
Don’t be shy, tell me! All ears as I take first steps in this space to learn more.

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Fintech Insights
Chewable Under 30 Seconds

Fintech Insights
Chewable Under 30 Seconds