Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

$15 million secured to revolutionize financial intelligence for the future

October 27, 2025

Routefusion, a payments technology startup, secures $26.7 million in Series A funding.

October 26, 2025

The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India

October 25, 2025

CGTNAI Revamps Finance: Perspectives from Beijing’s Financial Street Forum

October 25, 2025
Facebook X (Twitter) Instagram
Trending
  • $15 million secured to revolutionize financial intelligence for the future
  • Routefusion, a payments technology startup, secures $26.7 million in Series A funding.
  • The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India
  • CGTNAI Revamps Finance: Perspectives from Beijing’s Financial Street Forum
  • Crypto Payroll and the Evolution of Fintech Startups
  • TMU professor influences Canada’s AI regulations in the financial industry
  • OpenAI acquires personal finance application Roi
  • Niti Aayog CEO emphasizes the importance of regulation in fostering fintech innovation.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025

    B2B fintech Yaspa leverages its new regional brand to enter the U.S. market.

    October 16, 2025

    Fintech Employment Boom Stimulates Financial Job Market in London

    October 15, 2025

    European small and medium-sized enterprises face risks while developing AI strategies on unstable digital groundwork, reveals recent Qonto survey.

    October 10, 2025

    PM Modi invites international investors to be part of India’s growth narrative at the Global Fintech Fest.

    October 9, 2025
  • AI

    $15 million secured to revolutionize financial intelligence for the future

    October 27, 2025

    CGTNAI Revamps Finance: Perspectives from Beijing’s Financial Street Forum

    October 25, 2025

    TMU professor influences Canada’s AI regulations in the financial industry

    October 25, 2025

    OpenAI acquires personal finance application Roi

    October 25, 2025

    Optum implements AI for immediate claims processing

    October 24, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

    October 22, 2025

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025
  • Insights

    Bizcap purchases a financial technology firm based in the U.S.

    October 24, 2025

    Issues Facing PB Fintech: A Look at Stock Market Predictions

    October 22, 2025

    The upcoming frontier in managing personal wealth

    October 17, 2025

    India spearheads the fintech revolution with 87% of payments being digital.

    October 16, 2025

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025
  • Rumors

    Is Coinbase exploring a BVNK acquisition to enhance its stablecoin growth?

    October 14, 2025

    Japanese Digital Finance Firm Experiences Rapid Expansion

    October 11, 2025

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025
  • Startups

    Routefusion, a payments technology startup, secures $26.7 million in Series A funding.

    October 26, 2025

    The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India

    October 25, 2025

    Crypto Payroll and the Evolution of Fintech Startups

    October 25, 2025

    Applications for the Fintech Zone are currently being accepted.

    October 24, 2025

    Fintech startup Lidya shuts down after nine years of operation.

    October 24, 2025
  • finjobsly
fintechbits
Home » UK AI investment on track for record year
Market Insights

UK AI investment on track for record year

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Uk Ai.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

AI is taking up an increasing share of UK venture capital according to new analysis by HSBC Innovation Banking United Kingdom And Trading roomIn the first half of 2024, UK AI startups raised $2.1 billion and are on track to break records this year, with the sector set to raise $4.4 billion by the end of the year.

Since the start of the year, UK AI has surpassed a quarter of a trillion dollars in value and now accounts for 22% of UK tech value, up from 12% in 2019.

The largest AI fundraisings in the UK have been across a range of applications of artificial intelligence, including energy, therapeutics, law and finance. The most notable round was $1.05 billion from autonomous driving startup Wayve.

UK venture capital surges year on year, mega-rounds return

UK startups raised $5.6 billion in Q2 2024, up 37% year-on-year and up 47% from Q1 2024. In H1, UK startups raised $9.4 billion, up from $8.1 billion in H1 2023.

Nearly half of the funds raised this quarter (45%) were raised in mega rounds (valued between $100m and $250m) and mega+ rounds (valued between $250m and above), up from 33% in Q1. This signals the return of mega rounds as a key part of the UK venture capital landscape and underlines the importance of the UK AI ecosystem for innovation and growth investment.

Seed and Series A+ funding rounds remained stable, in line with the previous three quarters.

British universities lead Europe in value added

Outside of London, Cambridge and Oxford startups raised the most venture capital in 2024. The two cities’ universities also ranked 1st and 3rd in Europe in terms of value created by university spin-offs, with Cambridge University ranking 1st and Oxford University ranking 3rd. The UK is the most prolific country in Europe in terms of value creation from university spin-offs, followed by Germany and Switzerland, with 58% of the value created by UK spin-offs in the healthcare sector.

The successes of the startup ecosystem are evident: the UK has now created 176 startups valued at over $1 billion, with five new unicorns added in 2024 to date. It is worth noting that 69 of these unicorns remain unrealized, paving the way for further lucrative exits and listings in the coming years.

UK retains world leading position

The UK has maintained its position as the top destination for startup innovation and investment in Europe. British startups raised more funding than France and Germany combined in the first half of 2024 ($9.4 billion vs. $8.6 billion). Globally, the UK remains in third place, behind the US and China.

Simon Bumfrey, Head of Technology and Life Sciences at HSBC Innovation Banking UK, said: “This data shows that positive investment trends in the UK innovation ecosystem are playing out and early signs of optimism are materialising: investors are becoming increasingly active, unlocking value for innovative UK start-ups, particularly in AI. We look forward to seeing further significant investment in UK AI and beyond from both foreign and domestic investors over the course of the year. We are excited about UK innovation and its central role in the UK economy and remain committed to supporting and working with innovators, investors and the wider ecosystem to drive further growth.”

Peter Kyle MP, Secretary of State for Science, Innovation and Technology, said: “While start-ups like Wayve and Monzo We have managed to maintain growing investment levels despite ongoing uncertainty and stagnant growth, but there is still work to do to create a better environment for our technology sector. Last week, we began that work with changes brought about by the Financial Conduct Authority to make it easier to list in London“This government is committed to using every lever at its disposal to ensure the sector reaches its full potential. That means removing unnecessary regulatory barriers and accelerating innovation to share the benefits of technology more widely and restart the engine of our economy.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bizcap purchases a financial technology firm based in the U.S.

October 24, 2025

Issues Facing PB Fintech: A Look at Stock Market Predictions

October 22, 2025

The upcoming frontier in managing personal wealth

October 17, 2025
Leave A Reply Cancel Reply

Latest news

$15 million secured to revolutionize financial intelligence for the future

October 27, 2025

Routefusion, a payments technology startup, secures $26.7 million in Series A funding.

October 26, 2025

The Financial Necessity: Tanul Mishra of Afthonia Labs Discusses Enhancing the Fintech Startup Landscape in India

October 25, 2025
News
  • AI in Finance (1,768)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (220)
  • Market Rumors (281)
  • Regulatory Updates (176)
  • Startup News (1,144)
  • Technology Innovations (181)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,768)
  • Breaking News (176)
  • Corporate Acquisitions (71)
  • Industry Trends (208)
  • Jobs Market News (313)
  • Market Insights (220)
  • Market Rumors (281)
  • Regulatory Updates (176)
  • Startup News (1,144)
  • Technology Innovations (181)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.