Business angels favouring fintech investments

The UK Business Angels Market report, which is published by the British Business Bank, found that 24 per cent of business angels favoured fintech. This put the sector just behind healthcare and life sciences and slightly ahead of software as a service in the areas most sought after. 57 per cent of business angels surveyed are based in London and the South East. Furthermore, nearly a third of business angels’ investments are made in London. According to Jenny Tooth, chief executive of the UK Business Angels Association, the findings of this report show extremely positive signs of continuing growth in the angel market, but many regions continue to show an underserved level of angel investment.

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