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Volution doubles down on booming UK fintech with new $100M fund
The UK fintech sector is on a bit of roll. Allica Bank – a London-based fintech – recently announced it had doubled its profits in
Companies of this nature continue to spring out of London, a city which has become a fintech global leader, partly because of its long financial heritage but also because it was a pioneer of Open Banking. In a statement, Tomoyuki Nii, a director at SBI Investment, said: “The UK is a global leader in FinTech and AI, with world-class universities, a strong regulatory environment, and a thriving entrepreneurial ecosystem. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.
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