Executive summary Global in (itech ventures has more than tripled uring the last five years ~ from under $930 riko in 2008 ta more than $2.97 vestment in financial technelogy ion as becure the finteh capt This growth represents a sgnineant ‘opportunity for London. Accenture's analy of fntech venture investment shows the city of Europe Since In2019 (see Figure 1) Given the eamavc 200, thers share of Europe’ fintech d's changes oecuringin fnancl servees, ven and francing hae taken place the UK with 2 rew technaogy,teguations consumer teas majety occuring in London. behaviour and the nee fr eos reduction, thisgobal ten is expected to continue for the foeseabeFture soo, Fife. Global Fateh Financing Activity 7“ 480 | 3,000 280,| 350) 2500 _ 220 2000 Z 200 - 4,500 3 10 z 10 060 30 soo ot o (OF ‘2008 2009 °° «2010: «2011 2012,—=—2013, & = 600-| & 300-| 200+) 700- s00-| 500-| 400-| 200-| 200-| 100-| Bubble: Iota Deal Volume |_ SQ." Total Deal Volume, 2004-2013, ndend Mes A Germiny Mes Hace od Figure 3. Five-Year Growth in Fintech Investment ($44) Percent Sear: eset sn 8 sis Five-Year Compound Annual Growth Rate, Investments and Deals Figure 2. Top Five European Regions for Fintech Investment Activity ° 20 0 0 80 io 120 0. 2008 2008 2010 zon 2012 2013 UK and ireland Europe (ex UK andl Global Silicon Valley Deal Volume 740% 56% 20% 13 Investments (SM) 51% 3900 26% 2380 2 ‘And wile tetas centre of ts own, it contributes eauly to London’ fintech center incubating fiateen companies that often turn to the ity for customers pronioton, pavtoerships ad funding (ee Figure 2)" 2012, UK ang Ireand together accounted for more than half of Europe's Fintech deals (53 percent) and mere than to-thids of its total Financing (69 percent, oF $265 milion) developing tech Even though it isthe European leader, London's share ofthe global finzech pie stil lately small In 2013, one-third of al! global tintec fra 20 percent of al deals tok place in Sieon Valley while the whole of Europe accounts for 13 percent of finteck financing and 15 percent of global deals. Wihat is eemartabie the growth rate of finch a wityn Loran and the region mt Togeter, the UF ara have seen the volume af Friech deat since 2011. The region’ ve- yea’ comooured growth ate for fitch feancing the global average and twee that oF Silicon Vales. Growth in thee times the global average and more tran five times that of ican Vly se Figure 3) umber of dels was Fintech financing in the region has grown at twice the rate of Silicon Valley since 2008 Boosting London's economy and financial sector Lerdon is already experiencing an entrepreneuta ard has the word by some measures stn ne 135,000 finan workers in the UK ana Fou of the woes ten biggest banks with global ot European headquarters situated in London, the capital city offers great foundations fre thriving finzech cluster ne highest density of startuns