Fintech investment has reached a record high in London, with an impressive £2.99bn venture capital into the UK’s tech sector in 2017.
The Mayor of London, Sadiq Khan, said: "Today's record investment figures are further proof that London is the undisputed tech capital of Europe and I am committed to ensuring we take over from Silicon Valley as the world's leading tech hub. "Technology entrepreneurs and businesses are attracted to our great city for its diverse talent pool and unique business ecosystem and I am determined that London remains open to investment and the best tech talent from all over the world."
Whether it is
According to Rob Kniaz, a founding partner of VC firm Hoxton Ventures “London is the place where
For the UK to remain appealing to overseas investment, retaining and providing motivation to international and EU talent is key. Nevertheless, tech giants like Spotify, Google and Apple have evidently shown their commitment to London with the opening of new HQs and new departments in the next 2 years. Learn more about London-based HQs here