Investors pull funding from fintech start-ups after Brexit vote

November 17, 2016

November 17, 2016

Investors pulled funding from dozens of start-ups in Britain’s financial technology industry in the wake of June’s Brexit vote, plunging them into a cash flow crisis, the head of the country’s main fintech association said. 

Lawrence Wintermeyer, head of Innovate Finance, said 30 fintech start-ups have had their funding cancelled or postponed by investors since the end of June, forcing them to seek urgent funding elsewhere.

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Source: Financial Times