Europe On a FinTech High - Plus Conference News


ModernMediaPic

The Financial Times reports on a flourishing FinTech market – although the potential consequences of Brexit appear to be a concern. We run an extended excerpt below. You can subscribe here – quality journalism of the type offered by the FT is something we strongly recommend in a world where "alternative facts" are bandied about.

FTLogo

"The number of deals in European fintech rose 11 per cent to 179 in 2016, compared to a 1 per cent global drop, according to the data analytics company CBInsights. Germany and the UK dominated, staking claim to nine out of the 10 biggest European fintech deals.

"The deals grew 124 per cent compared with 2011's total, in contrast to an 8 per cent drop-off in deal activity in the US to 422 deals ??? identical to 2014 levels, the report found.

"Of the 22 fintech unicorns globally, four are based in Europe, including the $2.3bn-valued Dutch payments processor Adyen, whose transaction volume has just hit $90bn, and Funding Circle, which facilitated more than £1.1bn of loans to small businesses last year.

"'Europe has had a competitive advantage compared with the US in fintech. In the US, everything is regulated state by state, but here, if you have a European passport it's fantastic for a fintech,' said Niklas Zennstrom, founder of Skype and European venture capital company Atomico.

"'If a company in the UK doesn't have access to that post-Brexit, it will be a problem. But in practice that means they need to incorporate a European country into their structure, which isn't too difficult.'"

M&CLogo

Conference News & Risk Warning

More news in the pipeline: we shall soon be announcing sponsorship of a new SME funding conference, slated for the summer. We'll also keep you abreast of IFISA developments.

Please bear in mind P2P is definitely not foolproof. Capital loaned is also at risk. Lenders should always scrutinise individual loans carefully before committing capital. Read warnings on site before committing cash.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
AprilMarch
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.