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Is the UK Still a FinTech Hub Amidst Market Volatility?
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This story was originally published on HackerNoon at: https://hackernoon.com/is-the-uk-still-a-fintech-hub-amidst-market-volatility.
Is the UK Still a FinTech Hub Amidst Market Volatility? Discover the shifting dynamics of UK FinTech, from investment peaks to rising cybersecurity threats.
Check more stories related to finance at: https://hackernoon.com/c/finance. You can also check exclusive content about #fintech, #fintech-trends, #fintech-industry, #fintech-and-cybersecurity, #fintech-startups, #investing, #uk-fintech, #is-the-uk-a-fintech-hub, and more.
This story was written by: @annaepx. Learn more about this writer by checking @annaepx's about page, and for more stories, please visit hackernoon.com.
In 2023, global FinTech investment plummeted to $51.2 billion from $99 billion the previous year. The UK saw a significant drop, too, attracting just $5.1 billion compared to $14.6 billion in 2022. In the first quarter, British startups attracted $3.9 billion in investment, down from $4.8 billion.
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