The FinTech sector in Great Britain is a little bit of a throw. ALLY BANK-LONDYŃSKI FINTECH-NEWNA announced he doubled his profits in 2024, Bringing 29.9 million kilos, while Neobank Revolut announced a profit of 1 billion kilos in 2024. Companies of this type are still coming out of London, a city that became the world leader of fintech, partly as a result of the long financial heritage, but also because it was a pioneer of open banking. There are currently over 185 fintech startups in Great Britain worthwhile According to HSBC Innovation Banking, over 1 billion kilos.
So this is with this context EvolutionGreat Britain VC Investing in FINTECH, AI and SAAS startups, introduced a new fund price $ 100 million.
Launched in cooperation with Japanese VC investors, SBI Investment Co., it should be the second Volution dedicated fund after its first, which amounted to $ 30 million.
VOLUTION stated that the “significant number” of existing LP Volution really helpful for a new fund.
VOLUTION said that he could be aimed at corporations that have already established revenue streams, but which require additional capital.
James Codling, a managing partner at Volutionion, said Techcrunch that although the UK government focuses on efficiency and development, there is a challenge of structural financing, and early financing evaporates the A series. He said that they are able to finance corporations with a product matching and a solid strategy on the market.
“We support companies that are usually found anywhere between five million revenues and up to 20. This is a very needed part on the market at the moment, and is becoming more and more, taking into account what happened on the correction on the markets of the 2021-22 project. There are terribly funds that are fighting for raising the new capital and an attempt to solve problems that they have already got to their portfolio.”
Previous previous corporations VOLUTION to SIGNAL AI, FLAGSTONE, COGNISM and ZOPA Bank. The previous fund had three outputs.
In a statement, Tomoyuki Nii, director of SBI Investment, said: “Great Britain is a world leader in fintech and AI, from world -class universities, a strong regulatory environment and a flowering entrepreneurial ecosystem. These strengths would change into an attractive place of investment. Our overlap of stone involvement spread over time.
VOLUTION also conducts the initiative oriented on the ESG “Coal Transfer”, which goals to encourage responsible and sustainable growth throughout the portfolio.
Although fintech is doing well, the British technology sector was before the worsening of the economic situation Financing in series A has fallen by 44% In 2024, in comparison with the previous 12 months, and the Beria B conversion rates fall by over 50% Over the past five years.