Global fintech investment hits record $5.4bn in Q1 2018

By Jonathan Dyble
A new report from CB Insights has revealed that fintech companies raised a record $5.4bn in venture capital for the three-month period ended March 31 ac...

A new report from CB Insights has revealed that fintech companies raised a record $5.4bn in venture capital for the three-month period ended March 31 across a record number of 323 deals.

The rise in fintech investment at the beginning of 2018 was driven by a dozen investments that were valued at over $100mn, such as the $500mn investment into Credit Karma, $350mn in Robinhood and $207mn raised by Atom Bank.

See also:

North America accounted for the largest proportion of this investment, with $2.17bn in venture capital funding across 157 deals being secured by North America fintech firms, closely followed by Asia that saw a drastic spike in investment levels, up to $2.02bn in total for Q1.

Meanwhile, fintech funding in South America for the quarter surpassed the continent’s total fintech investment for the whole of 2017, rising to $271mn, most of which came from the $150mn funding round for Brazilian mobile banking company Nubank.

Whilst banks continue to account for a significant proportion of this funding, those in the US such as Goldman Sachs, Citigroup and JPMorgan have taken a step back in investing, whilst European banks have raised these levels, such as Santander making three new portfolio invests during the three months period alone.

Share

Featured Articles

Five minutes with: Katie Nykanen, Group CTO at QA

Katie Nykanen, CTO at QA, on being a role model for girls and young women and her hopes for the future

Big business bets on real-time data and event-streaming tech

By 2025, 90 per cent of the world’s largest companies will use real-time intelligence to improve customer experience and other areas, new research predicts

Mind your language: Is NLP a natural fit for the Metaverse?

The Metaverse is going to need next-level processing in order to provide a meaningful experience for all. Natural-language processing has something to say

Cyberattacks make a big difference to manufacturing profits

Cloud & Cybersecurity

ICYMI: Space blockchains and 6G predictions for the future

Digital Transformation

Christina Kosmowski: growth mindset and hands-on leadership

Digital Transformation