In 2023, FinTechs in the US🇺🇸 attracted 5x more funding than the next country, the UK🇬🇧 The UK still attracted more than 4x any other country beyond the US, even if funding dropped more than the global average. Source: Motive Ventures - Dealroom.co Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #venturecapital #vc #vcfunding #fintech #fintechindustry #financialtechnology
Thanks for sharing. Is there a global version? Continental Europe is not a consumerist/debt economy. Not surprised US/UK are leading the Fintechs. The real rivals would be developing countries which has a fair chance to leapfrog.
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7moThe United States 🇺🇸 has a Gross Domestic Product (GDP) 💹 of 25.5 trillion dollars 💵, which is 8.5 times larger than the United Kingdom's 🇬🇧 GDP of 3 trillion dollars 💵. In terms of Fintech investment 💰, the US has invested £20 billion 💷 while the UK has invested £4 billion 💷, making the US investment 5 times larger than the UK's. The US has a population of 333 million 👥 while the UK has a population of 67 million 👤, making the US roughly 5 times larger than the UK. Therefore, the UK 🇬🇧 is leading in Fintech investment 💼 when compared to its size and GDP. Let's goooo