UK tech industry set to receive £100bn from APAC investors

By Puja Sharma

As the country’s largest tech event takes place this week, several cutting-edge British firms will pitch for multi-million-pound deals, with the group of investors offering cash injections into innovative new projects across sectors including FinTech, Artificial Intelligence, and more.

Asia Pacific (APAC) investors are set to inject millions of pounds into the UK technology industry, as £100bn worth of investment opportunities are presented as investors travel to the UK for London Tech Week.

As the country’s largest tech event takes place this week, several cutting-edge British firms will pitch for multi-million-pound deals, with the group of investors offering cash injections into innovative new projects across sectors including FinTech, Artificial Intelligence, life science, and more.

The news follows the UK recently signing the biggest post-Brexit trade deal with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a £9 trillion combined GDP trade bloc in the Indo-Pacific

According to the KPMG report, FinTech investment in the Asia-Pacific region rose from $50.2 billion across 1,604 deals in 2021 to $50.5 billion across 1,227 deals in 2022 to achieve a slight record high.

Wayne Johnson, CEO & Co-Founder of Encompass Corporation, said, “As London Tech Week begins, it is encouraging to see the continued focus on the growth of the UK tech industry. Global collaboration will play a key role in supporting both business and economic growth in the UK, with the country working to cement its position as a leading tech powerhouse. Tangible investment is and will continue to be crucial to turbocharging the development of innovative solutions.

For the FinTech industry, in particular, increased investment will allow the sector to continue growing, acting as a key player in supporting wider progress. Further developments can be supported as the UK leads the development of cutting-edge technology solutions and processes, such as Know Your Customer automation, which is imperative in the fight against financial crime.

Areas such as automation can significantly improve the efficiency of previously manual processes, increasing the overall effectiveness of compliance tasks. The UK has huge potential, and it is positive to see countries across the globe recognising this as we come together to help game-changing technology to thrive.”

Investors in the Asia-Pacific region continued to focus on FinTechs working to improve access to a variety of financial products for both individuals and small businesses – such as microlending, SME lending, and B2B payments, as per the report.

Minister for Investment Lord Johnson added, “London Tech Week is a huge opportunity to show that we are a science and technology superpower and that the UK is the number one place to invest.

“Just weeks after successfully negotiating our biggest post-Brexit trade deal with the CPTPP, we are seeing huge interest from investors in the region, with millions of pounds being invested into world-leading British tech.”

Key Highlights:

• Just weeks after the UK concludes negotiations with CPTPP, £100bn investment funds from APAC flock to London for a tech and investment bonanza.
• Multi-million-pound deals on the cards at the London Eye pitching event on the first day of London Tech Week.
• UK proving itself to be a tech superpower and the best place in the world to invest.