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Alternative Market Briefing

Private equity-backed investments in fintech hit record in 2018: Preqin

Wednesday, June 26, 2019

Laxman Pai, Opalesque Asia:

2018 was a record year for private equity-backed (buyout and venture capital) investment in fintech, with 139 deals announced or completed at an aggregate value of $34bn.

Refinitiv, which claims to be the world's first fintech company, was bought in a deal valued at $17bn, attracting investments from some of the biggest names in private equity, including CPP Investment Board, Canson Capital Partners, GIC and Blackstone Group.

In the venture capital space, 2018 marked an annual record for fintech investments: $30bn was invested in the sector by venture capital firms, spearheaded by Ant Financial Services Group's $14bn Series C financing which was co-led by GIC and Temasek Holdings.

"Fintech has been transforming the way we interact with finances since its emergence in the 21st century and has continued to grow ever since. With the advent and solid growth of firms such as Nutmeg Saving and Investment Limited, Monzo Bank Limited and Crowdcube Limited, access to fintech companies is more and more viable, not only for companies, but for consumers as well," said Preqin Insights.

Competition at the top

Home of the startup, North America has historically dominated the fintech investment sphere. Yet, consistent with the picture for the overall private equity & venture capital market, China is piling on the pressure.

Figures for North America have dropped quite considerably from 2013, when the region accounted......................

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