Volution doubles-down on booming UK fintech with new $100M fund

The UK Fintech sector is a little rolling. Allica Bank-Landon’s Fintech-Nedavno announced that doubled his profit in 2024, Bringing £ 29.9 million, while Neobank Revolute announced an earning of 1 billion pounds of 2024. The companies of this nature are still coming out of London, a city that has become a fintech global leader, partly because of its long financial heritage, but also because he was an open banking pioneer. There are now over 185 startups in the UK esteemed According to a study of HSBC innovation banking over one billion pounds.

So with that context that EvolutionVC based in the UK at Startup in Fintech, AI and Saas has launched a new $ 100 million fund.

Started in partnership with Japanese investors VC, SBI Investment Co., this will be the second dedicated volition fund after its first, which amounts to $ 30 million.

The colation said that the “significant number of” existing LPS was returned to the new fund.

The colation said she would have aimed at the companies that had already established revenue flows, but which require additional capital.

James Codling, a management partner at will, said Techcrunch that the Government in the UK is focused on productivity and growth, there is a structural challenge for funding, with an early stage of Post -series A. said that in funding companies on the product market and a solid strategy on the market on the market

“Return to companies usually between five million revenues and up to 20. This is a bad need on the market in the moment, and more and more considering what happened in the 2021-22 venture marketing.

Previous companies have supported the volitions include AI signal, flag stone, cognism and Zopa Bank. The previous fund had three outlets.

In a statement, Tomoyuki Nii, Director of SBI Investment, said: “The UK is a global leader in Fintech and AI, with world class universities, a strong regulatory environment and a successful entrepreneurial ecosystem. These forces make it an attractive destination for investment in the Japanese government in Japanese. Japanese Government of Vladinja in Japanese Vladinj in Japanese authorities.

The volition also leads the initiative of “Carbon Carry” aimed at ESG intended to encourage responsible and sustainable growth in its portfolio.

Although Fintech goes well, the British Technology Sector faced a fall Financing in a series A drop by 44% 2024. Compared to the previous year, and the rates of the conversion of the Series B Pale over 50% In the last five years.