The UK Fintech sector is in a little roller. Allica Bank-A Fintech based in London-recently renounced that it had doubled his profits in 2024, Bringing £ 29.9 million, while Neobank Revolut announced a profit of £ 1 billion in 2024. Companies of this kind continue to get rid of London, a city that has become a global leader of Fintech, not only because of its long -hamed financial leader. There are now over 185 newly established Fintech businesses precious Over £ 1 billion, according to a HSBC Innovation Banking survey.
So it is with this frame that VolumeA VC based in the United Kingdom investing in Fintech, AI and Saas Startups, launched a new $ 100 million fund.
It began in collaboration with the Japanese VC Investors, SBI Investment Co., this will be Volution’s second dedicated Fund after its first, which amounted to $ 30 million.
Volution said a “significant number” of Volution’s existing LPS returned to the new fund.
The company said it would aim for companies that have already created revenue flows but require additional capital.
James Codling, a Volution Managing Partner, told TechCrunch that while the UK government is focusing on productivity and growth, there is a challenge of structural funding, funding from an early stage that is evolving after the A. series. He said it is out to finance companies with products with products.
“We support companies that are usually between 5 million revenue and up to 20, this is a very essential market place in the minute and has become more and more as it happened in correction of business markets 2021-22.
Previous companies have supported Signal AI, Flagstone, Cognism and Zopa Bank. The previous fund had three exits.
In a statement, Tomoyuki Nii, director of SBI Investment, said: “The United Kingdom is a world leader in Fintech and AI, with universities world -class, a strong regulatory environment and a prosperous business ecosystem.
Volution also runs an “Carbon Carry” initiative that focuses on ESG designed to encourage responsible and sustainable development throughout its entire portfolio.
Although Fintech is doing well, the UK technology sector has faced a recession, with funding in series A falls by 44% 2024 compared to the previous year, and the conversion rates of the B series fall from over 50% the last five years.
