Nigeria FinTech Landscape - Impact Assessment
Global FinTech Enablers - Incentive programs UK
The UK has increased funding to FinTech by creating a seed investment scheme
that incentivizes local investors
The UK offers great benefits to investors who invest in small and
early stage startups...
Context
■ The Seed Enterprise Investment Scheme
(SEIS) offers great tax efficient benefits to
investors in return for investment in small and
early stage startup businesses in the UK
... contributing to increased FinTech investment in the UK and
London leading overall FinTech investment in Europe with $2.11bn
investment
VC-backed investment in UK FinTech
USD billion
4.0
3.5
Objectives
The scheme was designed to boost
economic growth in the UK by promoting
new enterprise and entrepreneurship
3.0
2.5
2.0
3.6
2.1
1.8
How it works
■ Investors can place a maximum of
£100,000 in a single tax year, which can
be spread over a number of companies
The company must be no more than two
years old
1.5
1.0
1.2
0.8
0.7
0.7
■ Investors can receive up to 50% tax relief in
the tax year the investment is made,
regardless of their marginal rate
0.5
0.2
О
2012
13
14 15 16
17 2018 Q3
2019
SOURCE: SEIS Website, Pitchbook, Crunchbase, Press Search
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