The FinTech sector is not immune to changes in broader market sentiment or geo-politics – and 2016 was a year of unusual volatility. Eurozone anxiety is set to continue with elections in many countries looming large in 2017.
In fact, investment in FinTech globally held up remarkably well during 2016. Innovate Finance data suggests there was $17.4bn worth of VC investment worldwide over the course of the year, a 10.9% increase compared to 2015. However, in the UK there was a different story to tell, as deal value drastically decreased by 33.7% to a total of $783m.