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UK fintech investment triples in H1, KPMG finds
Despite the almost threefold increase, geopolitical uncertainty, high levels of inflation and the high interest rate environment resulted in ‘more subdued’ levels of investment
UK fintech investment hit $7.3bn (£5.7bn) in the first half of 2024, almost triple the $2.5bn (£2bn) reported the prior year, according to KPMG’s latest Pulse of Fintech report.Despite the almost threefold increase, geopolitical uncertainty, high levels of inflation and the high interest rate environment resulted in “more subdued” levels of investment when compared to the record highs seen in 2021.
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