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