UK FinTech Funding Bounces Back in Q4 2016
U.K. FinTech startups raised $173 million across 16 deals in Q4 2016, an increase of $95 million from Q3, according to a report from CB Insights. The report, The Global FinTech Report Full Year 2016, from the company which tracks venture capital investment, looked at FinTech venture capital across markets in Europe, Asia and North America. The results found that investment within financial technology firms had risen by 122 percent between October and December 2016 with the number of deals taking place increasing by 33 percent. Despite an increase in U.K. financial technology investment....
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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....
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....
A new report by Innovate Finance and Pitchbook has found that investment in FinTech in the U.K. fell in 2016 to 33.7 percent while China and the U.S. dominated the sector. According to the report, The 2016 VC FinTech Investment Landscape [PDF], which was published this month, the U.K. received VC funding amounting to $783 million in 2016 compared to the $1.2 billion in 2015. This was largely attributed to the uncertainty circulating Brexit as well as geo political and macro-economic factors. While total deals post-Brexit amounted to $368 million in 2016, year on year investment decreased....
Investment in Chinese FinTech continued at a pace in 2016 despite markets in other countries experiencing a slowdown in the sector. It’s reported that during the first nine months of 2016, FinTech investments doubled in China, which was partly due to funding rounds completed by Ant Financial, JD Finance and China’s Lufax, reports the China Money Network. The report states that in the first three-quarters of 2016, global financial technology investments accounted for US$18 billion, just down from the US$19 billion that was invested in the previous year. According to a report by City Asia....
Investment in Fintech companies has reached an all-time high with $8.2 billion invested in the second quarter of 2016, double the more than four billion invested in Q1 2016. Asia and, in particular, China, significantly lead, with $7.22 billion invested in Chinese Fintechs during 2016. In total, almost $23 billion has been invested worldwide over a yearly period, more than double the funding raised during the same period last year. In the latest sign that Fintech has far surpassed the tipping point in China and is now mainstream or on the verge of being mainstream, Ant Financial, an....