Fintech – additional information
As well as Silicon Valley, New York and London were distinguished as main Fintech locations in 2014. In that year, investments in financial technology companies in New York amounted to approximately 600 million U.S. dollars, and investments in London-based companies were equal to approximately 66 million U.S. dollars. The other global cities with substantial Fintech activity, and which were looking at the prospects of developing into significant Fintech centers in the future, were Dublin, Berlin, Tel Aviv, Singapore and Hong Kong.
The value of investment in Fintech venture companies in the United States was equal to 2.4 billion U.S. dollars in 2013 and this figure was projected to increase to between 3.4 and 4.7 billion U.S. dollars in 2018. Investments in the Fintech sector globally amounted to three billion U.S. dollars in 2013 and they were estimated to reach between six and eight billion U.S. dollars in 2018. In 2014, the United States was the leading country in terms of value of investments in Fintech companies.
In 2014, the United States provided 200 thousand jobs in the Fintech sector, while the UK Fintech employment figure reached 82 thousand. London, New York City and San Francisco Silicon Valley were the cities with highest number of Fintech employees, with 51 thousand, 48 thousand and 13 thousand employees, respectively, within a 50 mile radius of each city.