Capital.com: Capital.com Aims to Support UK Fintech Growth amid Global Funding Slowdown to 7-Year Lows

Capital.com is 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 two prominent local financial industry organizations. The move comes at a time when global fintech investments have fallen below $100 billion in 2024, testing seven-year lows.Capital.com Joins Financial Trade Associations to Boost UK FintechCapital.com, a provider of investment services to retail traders, is now a member of TheCityUK and UK Finance. TheCityUK represents the UK's financial and related professional services industry, advocating for policies to strengthen the sector's global competitiveness. Meanwhile, UK Finance is a leading financial services trade association in Europe, focused on setting industry standards and shaping the future of financial regulations."We are pleased to announce Capital.com's membership in TheCityUK and UK Finance," said Rupert Osborne, the CEO at Capital.com UK. "As a global fintech company with a strong presence in London and other financial hubs, Capital.com is well-positioned to contribute to the UK's status as a leading tech and financial services powerhouse."While the announcement didn't specify exactly how Capital.com plans to contribute or participate in the development of the UK's financial and technology sectors, Osborne noted that the company aims to drive innovation, improve financial literacy, and bolster the UK's standing in fintech through collaboration with these industry bodies.This move marks another step forward in the British market, following the company's mid-February announcement of a partnership with LSEG. That collaboration provides traders with enhanced tools and analytical resources to make faster, more informed decisions.You may also like: Fintech Investment Slumps to Seven-Year Low of $95.6 Billion as Rate Hikes BiteUK: Europe's Fintech CapitalAlthough 2023 statistics highlighted significant challenges for the UK fintech industry, with funding dropping by over 60% to $4.2 billion, London and its surrounding areas remain Europe's top hub for fintech investment. This is evident in the data on investments in financial and tech startups, where the UK continues to be the primary destination for venture capital.Moreover, the first half of 2024 showed a marked improvement, with UK fintech investments rising to $7.3 billion. According to Roberto Napolitano, Chief Marketing Officer at Innovate Finance, who spoke with Jonathan Fine of Finance Magnates during FMLS:24, the UK now attracts "more fintech funding than all of Europe combined."However, he emphasized 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 for fintech," he added. "So looking at the US, it would be my suggestion to founders to at least be present in that market if they think they want to break into it."$1.7 Trillion Trading Volume in 2024On a global level, Capital.com has had an impressive year, achieving a total trading volume of $1.7 trillion-a 30% increase from 2023. At the same time, the number of executed transactions jumped by 20%."Capital.com's higher trading volumes and strong client engagement in 2024 mark a milestone in our 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 the region, further expanding its global footprint.This article was written by Damian Chmiel at www.financemagnates.com.