These 5 charts show why London's fintech scene could soon eclipse Silicon Valley's

Part of the rise of fintech in the UK has been access to capital. London's startup "ecosystem" is supporting seed to various rounds of Series A, B, and C funding to notable companies.

"The UK has long held an established position at the forefront of this, leading in areas like fintech, AI and healthtech," said Suranga Chandratillake, general partner at Balderton Capital. "This ecosystem is now creating companies who are solving solve some of the biggest social problems in the world, from improving the delivery of healthcare to creating fairer financial services."

This chart demonstrates increase in VC funding not just in the UK but across the rest of Europe and Israel as well. It's a broader trend of greater amounts of capital in the market but the bulk of this funding is coming into the UK.

In the past year, since last May the UK has seen 13 new unicorns enter the market including Monzo, Greensill, Graphcore, OVO Energy, and Acuris.

"UK tech is producing global businesses, and Graphcore is proud to be contributing to its success," said Nigel Toon, co-founder and CEO of Graphcore. "In Bristol, London and now Cambridge, we are hiring a world-class team in science, engineering and software that is building the future of machine intelligence."

London's infrastructure is cited as a key reason for its continued prominence in fintech. Unlike the Bay Area which is built up of multiple municipalities and city districts, London is in close proximity to a number of major universities, research centers, European and UK cities, government, regulators, talent, and capital.

As a result ,the UK capital is increasingly seen as a possible new region for not just fintech, but other tech startups by investors and entrepreneurs.