The first quarter of 2020 was very strong for UK fintech companies with 112 companies raising £1.1 billion, up from £410 million in the fourth quarter of 2019. In the article below we look at how the current economic crisis caused by the coronavirus pandemic has affected the sector thus far and what might be needed for it to maintain its position as the shining light of UK growth.
Bounce-Back- Ability: How can Companies Thrive in the “New Normal”?
Below we look at what companies need to do in order to thrive in a fast changing economic environment. We also explore the key factors that drive corporate innovation as well three technologies experiencing increased demand in the “new normal”.
Whilst an economic crisis forces companies to adapt to a “new normal”, the turmoil also throws up previously unavailable opportunities for innovative companies. With hindsight, previous crises seem obvious buying opportunities however buying when there is panic in the air is much easier said than done. Below we look at a systematic approach for investors who feel unprecedented times can create investment opportunities in game-changing companies that drive the recovery.
With global investors looking to the UK technology for growth, should private investors do the same?
In what was another record-breaking year, investments in the UK tech sector soared to £10.1 billion last year – up £3.1 billion on 2018’s very strong figures and the highest in UK history. Venture capital investment into US and Chinese tech firms plummeted by 20% and 65% respectively. Investors are turning away from the world’s two largest tech markets and instead looking to the UK for future growth.
The UK tech sector appeals to investors for a number of reasons including a business friendly environment, talented workforce and longstanding reputation for innovation.