US Investments in FinTech to Lead Globally in 2015, Following Triple Increase in 2014
A new report says that U.S. banks and corporations have outpaced every other country in global investments in FinTech over the past few years. Investments in the country have nearly tripled, supporting startups through the launch of competitions, accelerators and incubators, helping new businesses to seek potential partners and investments. According to the report released by Accenture and entitled “The Future of Fintech and Banking,” global investments in FinTech tripled to US$12.21 billion in 2014, as investments in financial technologies like Bitcoin and online lending platforms grew by....
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In 2015, fintech entered the mainstream in the business world, doubling VC investment value in 2014 to over US$13.8 billion. Fintech is gaining momentum everywhere across North America, Asia and Europe. Globally in 2015, venture-capital-backed fintech companies raised $13.8 billion across 653 deals, compared to $6.7 billion across 587 deals in 2014. These statistics show the growing performance of fintech in recent years. The increase in deal volume is not as significant as the increase in deal value, indicating that average deal size has gone up dramatically compared to historical levels.....
Investment in financial-technology companies grew by 201% globally in 2014, according to a new report from Accenture. The consultancy firm named blockchain technology to be one of the keys that legacy banks need to “reimagine” themselves in order to keep up with innovation. Investment in financial-technology (fintech) companies grew by 201% globally in 2014, compared to 63% growth in overall venture-capital investments, according to a new report from the consultancy firm Accenture titled The Future of Fintech and Banking: Digitally Disrupted or Reimagined. Global investment in fintech....
Two thousand fifteen was the year fintech – including blockchain technology – entered the “mainstream,” signified by a groundswell of venture capital (VC) investment. More than $13.8 billion in venture capital (VC) was invested in a variety of fintech companies globally, more than twice the amount invested in 2014, according to “The Pulse of Fintech 2015 Review,” a global analysis of fintech venture funding by KPMG and CB Insights. VC deal volume also jumped, from 586 in 2014 to 653 in 2015. A key to fintech’s growing prominence in the VC community is the diversity of interests the segment....
At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1.” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments. On October 6, 2020, the Los Angeles-based venture studio Draper Goren Holm revealed the launch of a new blockchain and fintech fund at the annual LA Blockchain Summit. The studio Draper Goren Holm is basically a partnership between Josef Holm, Alon Goren, and the well known venture....
A new report suggests that China could push the U.K. off the FinTech top spot as Chinese companies overshadow U.K. firms. The report, from KPMG and H2 Ventures, found that compared to 2015 there were only 13 U.K. firms in the yearly FinTech 100 report. In 2015, that number is reported to have been 18. However, only one U.K. firm, Atom Bank, was reported to be in the top ten. Compared this to Chinese companies and while the report detailed that there were eight firms listed in the top 100, four of them made it to the top five. These are Ant Financial, Qudian, Lufax, and ZhongAn. Of course,....