Warning: exif_imagetype(https://www.edeals2day.com/wp-content/uploads/2018/10/ai-1.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.edeals2day.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.edeals2day.com/wp-content/uploads/2018/10/ai-1.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.edeals2day.com/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.edeals2day.com/wp-content/uploads/2018/10/ai-1.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.edeals2day.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.edeals2day.com/wp-content/uploads/2018/10/ai-1.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.edeals2day.com/wp-includes/functions.php on line 3336

Jilino1 tv.Jilino1 tv,Jilino1 tv

News

Global fintech funding reached nearly $112 billion in 2018

Feb 14, 2019

This is one of the findings of the KPMG Pulse of Fintech report

Global fintech funding reached nearly $112 billion in 2018. Source: shutterstock.com

Global fintech funding rose to $111.8 billion in 2018, up 120% from $50.8B in 2017, fueled by mega M&A and buyout deals, according to the KPMG Pulse of Fintech report.

Deals in the second half of 2018 were topped by Blackstone’s $17 billion investment in Refinitiv, the $3.5 billion acquisition of Blackhawk Network by Silver Lake and P2 Capital Partners, the $3.4 billion buyout of VeriFone by Francisco Partners, and the $2.2 billion acquisition of iZettle by PayPal. These deals followed on the $12.86 billion acquisition of WorldPay by Vantiv in H1’18.

Fintech deal volume declined markedly in the second half of 2018, but still reached 2,196 deals for the year, up from 2,165 in 2017. The increasing geographic diversity of fintech VC funding continues to help drive deal volume, even as larger fintech hubs see more concentrated investment in larger deals.

The growing deal sizes, higher levels of M&A activity and the geographic spread of deals all highlight the increasing maturation of the fintech sector on a global scale. Fintech start-ups in markets as diverse as Germany and Brazil are attracting larger and later stage rounds, while the more established fintech leaders in the US, UK, and Asia are making their own investments and acquisitions in order to expand their product and geographic reach
Ian Pollari, Global Co-Lead, KPMG Fintech

SEE ALSO:?Fintech in 2019: Machine learning, and people?

Pay Space

7166 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.