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Laxman Pai, Opalesque Asia: Despite global uncertainty, VC investment was strong in all regions of the world - and is on track to surpass previous annual record highs should the trend continue, according to a study.
While overall global fintech funding fell during the first half of 2020, with US$25.6 billion of investment globally across 1,221 deals, corporate deals are driving continued strength in VC activity.
According to the Pulse of Fintech H1 2020, a bi-annual report on global fintech investment trends from KPMG International, global fintech investment is well behind 2019's total investment of $150.4 billion. At mid-year, total fintech investment globally is $25.6 billion.
The Americas accounted for the largest share of total fintech investment at mid-year, with a $12.9 billion investment. ASPAC saw $8.1 billion in total fintech investment during H1'20, while EMEA saw $4.6 billion in fintech investment.
However, in H1 2020, VC investment in fintech accounted for $20 billion, including $9.3 billion in the Americas, $6.7 billion in Asia, and $4 billion in EMEA.
Indonesia-based Gojek raised $3 billion in the largest VC deal of the quarter - and the largest fintech deal overall. Gojek competitor Grab accounted for the second-largest fintech VC deal ($886 million), followed by Stripe ($850 million). Late-stage deals accounted for a significant proportion of VC investment as mature fintech continued to attract large funding rounds.
Given the long lead tim...................... To view our full article Click here
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