Companies based in London secured 39% of all European fintech funding last year, according to a report published on Tuesday.
London could soon overtake San Francisco as the fintech unicorn capital of the world, according to a new study.
It noted that London's fintech sector received more venture capital funding than any other EU city in 2018, securing 39% of all European fintech funding. Berlin's fintech sector lagged behind slightly, securing 21% of the cash, while Paris came in third with 18% of the overall funding. Earlier this year, SoftBank led a $440 million investment in OakNorth, which increased the fintech firm's value to $2.8 billion.
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