If you’re interested in hearing some thoughts on the macro effect of Brexit on FinTech investment, I’d recommend giving the short analysis at the beginning of this podcast a listen, especially because the first part of the podcast’s title makes it sounds like it’s one that would appeal -
To summarise -
- Investment in [UK FinTech startups] is down 33% vs 2015
- This is generally attributed to Brexit & geopolitical uncertainty
But…
- Investment in Q3, just after Brexit, was just as high as the previous year’s
- So Brexit is already priced into the market [valuations]
- Foreign VCs recognise that passporting isn’t critical to most FinTech companies