The UK has devised a novel solution for a funding gap: more funding.
All of them will be minority investments for equity and equity-linked securities.
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As well as capital, the fund will provide strategic support for the portfolio companies.
The review identifiedan annualfundinggap for growth-stage fintech of around 2bn.
It recommended creating a 1bn growth fund to fill the gap and sustain the ecosystem.
The venture launches at a tough time for UK fintech.
The new fund will hope to stimulate a rally for the industry and the entire financial services ecosystem.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
