Global fintech investment hit $57.9bn in first half of 2018, UK led the way

By Ben Mouncer
Fintech investment has already far outstripped 2017's total figure after attracting $57.9bnin the first half of the year. New data released by KPMG rev...

Fintech investment has already far outstripped 2017's total figure after attracting $57.9bn in the first half of the year.

New data released by KPMG revealed that 875 deals have already been struck worldwide, with the monetary figure racing beyond 2017's $38.1bn.

The United Kingdom was the most fertile country for fintech investment, generating over $16bn - though that figure was skewed by Vantiv’s acquisition of WorldPay for $12.9bn.

See also:

A standout region was Asia, where investment in fintech companies hit $16.8bn across 162 deals, an increase from 119 deals in the second half of 2017.

"Large deals at all stages of investment powered fintech investment in the first half of 2018," said Ian Pollari, Global Co-Lead, KPMG Fintech. "But just as notable is the breadth of investment.

"We’re seeing a mix of fintech sub-sectors drawing increasing interest, including data, AI and regtech — these horizontal capabilities have appeal across the full spectrum of the financial services industry."

Share

Featured Articles

Robot dining staff on call to help care in the community

Robots are ready to serve seniors as retirement communities struggle with staff shortages, and a new report says pensioners appreciate a metal maître d

BlackBerry drives its QNX technology to the cloud with AWS

BlackBerry has expanded its work with Amazon Web Services, which will see the Canadian security company’s embedded systems and AI available in the cloud

6G: Predictions for the network of the future

With cloud-based technology enabling higher speeds and microsecond latency, experts predict 6G will transform the world. The next generation is coming

Blockchain in space could take tokens and NFTs into orbit

Digital Transformation

ICYMI: Top 10 DevSecOps tools and cut-price animal robots

Digital Transformation

Altered Egos: Digital twins hold up a mirror for machines

Digital Transformation