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Laxman Pai, Opalesque Asia: Following a record year in deal volume and value, overall investment in fintech remained strong in the US during H1 2019, reaching $18.3bn across 470 deals, powered in large part by a strong first quarter to the year.
According to the Pulse of Fintech H1 2019, published by KPMG, M&A activity was particularly hot in the US during H1 2019 - accounting for 5 of the top deals in the US.
The five deals are Investment Technology Group: $1bn; CSI Enterprises: $600m; PIEtech: $500m; IQMS: $425m; and Viteos Fund Services: $330m.
Fintech-focused venture capital (VC) investment reached a record level in the US during Q2 2019, bolstered by $300m funding rounds to Carta and Affirm.
The US showed an increasingly diverse number of fintech hubs, with the top 6 deals involving companies from across the United States, including: Dun & Bradstreet (New Jersey), Investment Technology Group (New York), CSI Enterprises (Florida), PIEtech (Virginia), Onestream Software (Michigan), and SoFi (California).
While payments remained a hot sector for investment in the US, during H1 2019 there was also an increased focus on B2B deals - as evidenced by Mastercard's acquisition of global P2P and B2B transfer company Transfast and JPMorgan's acquisition of medical payments technology company InstaMed.
Americas sees strong investments in Latin America and Canada
Outside of the US, Latin America was a strong target for fintech investors in the A...................... To view our full article Click here
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