Capital.com Aims to Support The UK Fintech Growth amid Global Funding Slowdown to 7-Year Lows ⋅ Crypto World Echo
Capital.comis looking to deepen its involvement in the growth of the UK’s fintech sector.To that end, the company announced today (Monday) that it has joined twoprominent local financial industry organizations. The move comes at a time when global fintechinvestments have fallen below $100 billion in 2024, testing seven-year lows.
Capital.com JoinsFinancial Trade Associations to Boost UK Fintech
Capital.com,a provider of investment services to retail traders, is now a member ofTheCityUK and UK Finance. TheCityUK represents the UK’s financial and relatedprofessional services industry, advocating for policies to strengthen thesector’s global competitiveness. Meanwhile, UK Finance is a leading financialservices trade association in Europe, focused on setting industry standards andshaping the future of financial regulations.
“We arepleased to announce Capital.com’s membership in TheCityUK and UK Finance,” saidRupert Osborne, the CEO at Capital.com UK. “As a global fintech company with astrong presence in London and other financial hubs, Capital.com iswell-positioned to contribute to the UK’s status as a leading tech andfinancial services powerhouse.”
While theannouncement didn’t specify exactly how Capital.com plans to contribute orparticipate in the development of the UK’s financial and technology sectors,Osborne noted that the company aims to drive innovation, improve financialliteracy, and bolster the UK’s standing in fintech through collaboration withthese industry bodies.
This movemarks another step forward in the British market, following the company’smid-February announcement of a partnership with LSEG. That collaborationprovides traders with enhanced tools and analytical resources to make faster,more informed decisions.
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UK: Europe’s FintechCapital
Although2023 statistics highlighted significant challenges for the UK fintech industry,with funding dropping by over 60% to $4.2 billion, London and its surroundingareas remain Europe’s top hub for fintech investment. This is evident in thedata on investments in financial and tech startups, where the UK continues tobe the primary destination for venture capital.
Moreover,the first half of 2024 showed a marked improvement, with UK fintech investmentsrising to $7.3 billion. According to Roberto Napolitano, Chief MarketingOfficer at Innovate Finance, who spoke with Jonathan Fine of FinanceMagnates during FMLS:24, the UK now attracts “more fintech funding than allof Europe combined.”
However, heemphasized that the United States remains the dominant force on a global scale.“The US still remains one of the largest markets, if not the largest market forfintech,” he added. “So looking at the US, it would be my suggestion tofounders to at least be present in that market if they think they want to breakinto it.”
$1.7 Trillion TradingVolume in 2024
On a globallevel, Capital.com has had an impressive year, achieving a total trading volumeof $1.7 trillion—a 30% increase from 2023. At the same time, the number ofexecuted transactions jumped by 20%.
“Capital.com’shigher trading volumes and strong client engagement in 2024 mark a milestone inour evolution as a high-growth trading platform,” said Christoforos Soutzis,Chief Executive Officer of Capital.com Europe, in a January 2025 statement.
Meanwhile,the company’s UAE branch became the first fintech to partner with Amazon in theregion, further expanding its global footprint.
This article was written by Damian Chmiel at www.financemagnates.com.
