Monzo, hurry up and announce fundraising

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 :wink: -

http://11fs.co.uk/podcasts/ep212-news-is-fintech-failing-dodd-frank-and-everything-goes-back-to-cannabis/

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