There were 239 RegTech deals completed in Europe between 2014 and Q1 2019, with over $1.2bn raised across these transactions.
The United Kingdom, Ireland, Switzerland and the Netherlands have been the countries with the highest RegTech deal activity over the past five years, collectively claiming almost three quarters of deals in Europe since 2014.
The United Kingdom has been the clear standout leader in Europe in terms of deal activity claiming 130 transactions, with London boasting 112 of these as the city cements its position as the key RegTech hub of Europe.
However, the dominance of the United Kingdom has been fading since 2015, as the share of deal activity fell from 64.1% that year to 46.2% last quarter. The share of deals of deals involving other countries in Europe soared from 21.8% in 2014 to more than half last quarter with deals taking place in countries such as France, Spain, Iceland and Italy.
Shift Technology, a Paris-based provider of fraud detection solutions raised a $60m Series C round in March which was the largest RegTech deal in Europe in Q1 2019. There have been seven RegTech deals in France since 2014, with $114.9m raised across these transactions.
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