This week the United Kingdom announced it has established the Fintech Growth Fund, a £1 billion investment vehicle funded by financial services industry heavyweights Mastercard, Barclays, and the London Stock Exchange Group. The fund will strive to sustain growth-stage fintech companies (typically those seeking Series C funding) with investments ranging between £10 million and £100 million. The UK hopes to leverage the fund to strengthen its reputation as a fintech investment hub and attract top fintech companies.
UK Launches £1 Billion Fintech Fund to Compete with Silicon Valley
