London overtakes San Francisco, New York as top FinTech hub

LONDON: London has overtaken San Francisco and New York as the world’s largest financial technology hub, as European FinTech funding achieved parity with the United States for the first time, according to data released by growth capital fund Finch Capital.

European FinTech funding grew 37 percent between 2022 and 2025, while investment in top US hubs declined 13 percent, reaching an equivalent 40 billion euros each, according to data published by Finch Capital on Thursday.

• Late-stage funding remains a challenge, as every European round over one billion euros was led by US investors

• Nine billion euros discrepency is “a policy gap, not a market verdict”, Finch Capital partner Aman Ghei says

• European pension funds allocate just 0.02 percent of assets to venture capital, significantly lagging the US rate of 1.9 percent. Bridging this gap could unlock 37.5 billion euros annually, Finch Capital estimates.