UK Fintech Funding Falls to £1.8B in H1 2026, Lowest in a Decade
Finextra·medium signal
KPMG figures reported by Finextra show UK fintech firms raised just £1.8 billion in the first half of 2026, the weakest half-decade-plus showing on record for the sector. The contrast with AI is stark: AI captured more than 70% of global venture funding in Q2, with OpenAI and Anthropic alone taking $217 billion, or 43% of all reported venture dollars. Capital is not scarce, it is concentrated, and non-AI verticals are the ones being drained.