Rising Fintech Investment in Asia Suggest Room for Bitcoin Opportunities
More and more companies are tapping into the Asian market when it comes to financial technology investment, as the region has seen growth in remittances while some countries have weak banking sectors. This opens up a market gap that could make room for bitcoin opportunities later on. Just recently, startup Apis was able to raise $150 million in funding for its private equity house focused on investing in financial services across Africa and South Asia. Apis Partners was founded a year ago and has started deploying capital while seeking more investors. Bitcoin Opportunities in Asia. With....
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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.....
There has always been an increased interest from Asia when it comes to new financial technology. Fintech and Bitcoin are both seeing tremendous success in the region, and venture capital funding reached an all-time high in 2015. It has to be said, however, that Asia is well behind the curve regarding Fintech adoption. Most other regions around the world,....
Last week, wallet provider Blockchain represented the bitcoin industry in an official government trade mission. CEO Peter Smith was one of 31 executives to take part in a trade delegation, led by Prime Minister David Cameron, to promote the UK's FinTech businesses in Southeast Asia. The FinTech sector, which now employs 135,000 people in the UK and creates $20bn in annual revenue, is a key part of the Conservative Party's plan to stimulate trade and investment. While the nation received 42% of Europe's FinTech investment last year, trade body Innovate Finance wants to capture an even....
China is on track to beat its 2016 FinTech capital venture $10 billion funding record as Chinese companies continue to set the pace and raise funds to expand their digital services. In a report from Bloomberg, Accenture Plc said that the investment areas focused on will most likely include artificial intelligence, big data, blockchain, and cybersecurity. According to Albert Chan, managing director of China financial services at Accenture, more money is expected to go into investment services, online lending, and robo advisors. Over the last two years there has been significant growth in....