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The UK's FinTech sector reached new heights this week! In the first half of 2019, FinTech start-ups r
 
July 21 · Issue #153 · View online
Brainfood
The UK’s FinTech sector reached new heights this week!
In the first half of 2019, FinTech start-ups received a record $2.9bn of funding, on track to eclipse last year’s record of $3.3bn.
The deal data, compiled by industry body Innovate Finance, paints a positive picture of the sector despite recent uncertainty in the UK.
Commenting on the findings, Charlotte Crosswell, CEO of Innovate Finance, said:
“Investment into the UK FinTech sector shows no sign of slowing down. The flow and impressive size of individual investments demonstrate an ecosystem that is showing signs of growing maturity. This research underlines the UK’s position as a world leader in FinTech.”
Also commenting, Tim Levene, CEO of Augmentum, said:
“At Augmentum we are not surprised to see the Innovate Finance figures showing record investment into UK FinTech. This bears out what we are seeing – that the UK is attracting the lion’s share of European FinTech investment. The UK’s ecosystem is the deepest and most mature in Europe and we continue to attract the greatest concentration of talent compared to other major hubs.”

Motive Podcasts
Next week on the Future of Finance podcast series, we bring you Jochen BiedermannFounder and CEO of Blockchain Asia and Managing Director of the World Alliance of International Financial Centres.
Our favourite moment?
16:43 - Jochen talks about the most disruptive industry shifts that he has witnessed throughout his stellar career.
All episodes are on Apple PodcastsSpotify or Google Podcasts.
FinTech of the Week
Our FinTech of the Week is Lendflo: the simplest way to get instant cash-flow top up for UK Small Businesses.
Why Lendflo?
SMEs are the backbone of any economy yet almost half of the UK’s SMEs have struggled to gain access to funding.
Lendflo aims to close this funding gap with the fastest invoice financing experience for the on-the-go, everyday small business owner. Lendflo has created a super simple, lightening fast, and adaptable solution to capture the underserved SME market.
Free from legacy constraints, Lendflo has delivered the fastest possible user experience underpinned by an advanced technology stack consisting of a cloud-based KYC process, a real time risk rating system, and a transparent blockchain infrastructure.
How can I find out more?
Lendflo supports the doers, the makers, the innovators and the creators. If that’s you and you are a small business in need of funding or an investor seeking to deploy capital into the SME market, get in touch with Lendflo. You can find them through their website or on LinkedIn.
Upcoming Industry Events
Select M&A Activity
Global M&A activity hits new highs
Visa invests in Indonesian ride-hailing app Gojek; buys Payworks
Select Funding Activity
German online bank N26 valued at $3.5bn after $170m investment
Curve hits quarter of a billion value after latest funding
Data firm Flybits receives $35m investment from firms including Mastercard
Goldman Sachs invests €25 million in Raisin
What We're Reading This Week
UK FinTech attracting Investment at Record Rate
IMF FinTech Note - The Rise of Digital Money
Stablecoins like Libra must be held to highest standards: G7
Goldman stands out from rivals with equities trading rebound
Coinbase launches tool that analyses 'trading signals'
Setoo, Visa and SafeCharge collaborate for faster insurance payouts
G7 pushed to back $255m financial inclusion fund
Tally Ltd launches physical gold-backed bank account
Banks’ slow progress to cloud’s promised land
A bank branch that feels like home
Emirates NBD uses gamification to raise money for charity
Regulation
Everyone Wants Facebook's Libra to Be Regulated. But How?
ESMA publishes report on the licencing of FinTech firms across Europe
FCA eyes curbs on buying high-risk financial products on internet
Key Hires & Talent
Sponsored by JBM Consulting. Listen to JBM Consulting’s podcast, The 40 Minute Mentor. This week, they chatted to the former McKinsey consultant and current UK Director of Growth & Operations at Wealthsimple, Caroline Murphree. They spoke about the challenges that come with rapidly scaling a start-up, the importance of culture and many other interesting topics. Give The 40 Minute Mentor podcast series a listen, you certainly won’t regret it!
RBS Rescue-Man McEwan Named Head of National Australia Bank
Deutsche woos 13 wealth bankers from Credit Suisse
The Fortune 500 has a new woman CEO: Accenture's Julie Sweet
Deutsche Bank Appoints New CIO Neal Pawar While Cutting on Tech Spending
Martin Gilbert to become chair of digital bank Revolut
Starling senior executives take flight from app-based bank
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