US investors back a quarter of all big European fintech deals - Business Insider

American investors are flooding into Europe's burgeoning fintech upstarts, drawn by unicorns such as $5.5 billion neo-bank Revolut and money-transfer startup TransferWise.The share of European late-stage fintech deals with at least one US investor increased to 23% in 2020, up from 19% in 2019, according to the latest State of the Markets report from Silicon Valley Bank."VC Investment as a whole coming into the UK and Europe is growing significantly and, as a percentage, it's growing faster than any other region globally in terms of US investment," according to Rosh Wijayarathna, managing director at Silicon Valley Bank."US investors are looking for investment outside of the US and the most comparable market to that is Europe."There are a lot of macro factors driving US investors towards European fintech, including a strong market for financial services, a ready pool of talent, and a "relatively friendly" regulatory environment, said Wijayarathna.