4 key takeaways from KPMG Pulse of Fintech Report
New Pulse of Fintech report by KPMG revealed that over $30 billion in investments flowed into the crypto and blockchain sectors in 2021. As Bitcoin (BTC) and altcoins took a break from reaching new all-time highs, the market sentiment seems gloomy since the start of 2022. However, while the market seems to be sleeping, its trajectory shows that there’s more to look forward to in the coming months.Multinational professional services network KMPG published its biannual Pulse of Fintech report, where the firm tracks and analyzes developments and investments within the financial technology....
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According to latest figures from ‘The Pulse of Fintech’ quarterly report, total venture capital investment in the UK dropped slightly during the second quarter of 2016 though fintech investment was less affected. The report [PDF] by KPMG, along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights which launched on August 17th, 2016, analyses the latest global trends in venture capital investment data on the fintech sector. It says that VC-backed fintech startups fell globally by 49 percent. But despite this decline, VC investment in fintech is on pace to exceed....
A new report from KPMG, a global network of professional firms providing tax, audit, and advisory services, has revealed that investment in Nigerian FinTech companies over the last two years has exceeded more than $200 million. The report, “FinTech in Nigeria – Understanding the Value Proposition” [PDF], states that the past three years have been formative for the sector in Nigeria, which has seen the emergence of many startups, incubators, and investments. While putting the report together, KPMG engaged with 56 FinTech companies and seven incubators and accelerators in the country. Of the....
KPMG forecasts that Singapore's crypto investment will remain strong this year with increasing regulatory scrutiny. Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG's Pulse of Fintech report.As per the study, the city-state has long been recognized as a center of cryptocurrency activity, with over $1.48 billion in investment completed last year alone.KPMG suggests that the increase is in part due to government efforts to stimulate the capital market, such as establishing a special-purpose....
Cash is drying up for bitcoin and blockchain startups amid a broader decline in FinTech funding, according to new research from KPMG and CB Insights. The report, published today, shows that for the third straight quarter, VC investment in startups using distributed ledgers declined. While enthusiasm for the technology remains, the report said that companies shouldn't expect additional funds until countless proofs-of-concept emerge on the market. The report reads: "The ability to move blockchain from proof-of-concept to adoption and production has been minimal. While the market is....
Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world. In a report from KPMG, The Pulse of FinTech Q4 2016 [PDF], it found that total FinTech investment in Australia increased to $US656 million across 25 deals in 2016 compared to $US185 million across 23 deals in 2015. It appears that authorities are beginning to realize the potential that FinTech can play in helping financial inclusion. So much so, that they are recognizing that improving the efficiency of banking services can systematically boost the performance of the....