Blockchain Holds Strong as Fintech Venture Funding Dips In Q3; Rebound Expected
Blockchain technology continues to command a fair share of venture funding for fintech, one of the hottest venture capital (VC) targets worldwide. While the number of deals and the total value of fintech VC investment ebbed in Q3 2016, activity is expected to rebound in the fourth quarter and in 2017, according to a global analysis of venture fintech funding by KPMG and CB Insights. The Q3 slowdown in VC fintech funding was due to the lack of $1 billion-plus mega-deals. The total dollars invested this quarter was also less than half of that in Q3 2015. But despite the recent quarterly....
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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....
Following the Brexit vote in June, there has been a significant drop in venture capital funding in London, prompting some to think that the city could lose its position as the FinTech capital. According to a report from the Financial Times, new figures released show that funding in the FinTech sector dropped in 2016. Innovate Finance, the U.K.’s financial technology trade body, found that since Brexit venture capital funding dropped as FinTech companies in the U.K. deal with the Brexit effects. Innovate Finance reported that, globally, venture capital funding for FinTech companies grew....
After the U.K.’s Brexit result, European countries have been attempting to overthrow the U.K. from the top position as a FinTech hub location. One European country that isn’t, however, is Belgium. Instead, Belgium wants to create a bridge that supports FinTech startups between the two countries. According to Finextra, Johan van Overtveldt, Belgium’s finance minister, has begun talks with U.K. FinTech agency Innovate Finance to get the two countries collaborating together. Last October it was reported by Innovate Finance that while venture capital funding for FinTech companies grew around....
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest year-on-year growth rates globally. ‘Record-High Number of Deals Closed’ According to the findings of a new Mastercard study, African fintech startups — whose number grew from 311 in 2019 to 564 in 2021 — accounted for “61% of the USD 2.7 billion deployed across Africa in....
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....