Top 5 UK FinTech investment rounds so far this year

Apr 18, 2017 · http://techcitynews.com

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Article from Tech City News

London is renown for its prowess in the global FinTech scene, but that’s not to say that financial technology companies based outside of the capital are not raising the stakes when it comes to raising funds from VCs.

We take a look at Tech City News’ investment tracker and pull out the top 5 FinTech raises that have taken place so far this year.

1. Atom Bank

First up is Atom Bank’s staggering £83m raise, announced at the beginning of March. The Durham-based firm drew support from multinational Spanish banking group BBVA, Neil Woodford and Toscafund Asset Management. At the time of the announcement, which came after a series of publications said musician and tech enthusiast Will.i.am was looking to pen a deal with the company and join is board of advisors , reports claimed the firm had reached a valuation of £261m. Founded in 2014, the firm has now raised $268.14m (£213.6m) to date. Other investors in Atom Bank include Anthemis Group, Chris Adelsbach and Polar Capital Holdings.

2. CurrencyCloud

Just a few days later, CurrencyCloud, a London-based cross border payments platform, made headlines when it announced the closure of a £20m Series D led by GV (formerly Google Ventures). The firm also received support from existing investors Notion Capital, Shapphire Ventures, Rakuten FinTech Fund and Anthemis. The five year old business provides APIs for firms using international financial transactions and claims to have over 200 users in 35 different countries. Speaking at the time, Mike Laven, the CEO, said the money would be used to boost the company’s international expansion. CurrencyCloud has raised $59.42m (£47.3m) to date.

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