Covid-19 has led to an annual drop in fintech funding in the first half of 2020, but funding is still up from the second half of last year, new research has found.
Innovate Finance, the industry body representing UK fintech, found that investment in fintech during the first half of 2020 fell by over a third year-on-year, but this has risen by 22 per cent from the second half of 2019.
Venture capital investment dropped by 39 per cent from the first half of 2019 to reach $1.84bn (£1.67bn) between January and June this year. However, this still represents an improvement on the second half of 2019, when funding totalled $1.5bn.
Read more at Peer2Peer Finance News.
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