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Laxman Pai, Opalesque Asia:

The largest fintech companies are benefiting from private markets flush with capital and yield-hungry investors, said a study.

According to data collated by CB Insights on the fintech space in the third quarter of 2020, 60% of all capital raised by financial technology startups came from just 25 rounds worth $100 million or more.

Funding represented by mega-rounds increased 24% quarter-over-quarter (QoQ) to $6.4 billion, while non-mega-round funding declined 16%, it said. Ant Financial raised a $14 billion round.

Deal activity declined for the fourth consecutive quarter to 451, down 24% year-over-year (YoY). However, angel/seed rounds were a bright spot, increasing 20% QoQ and reversing a 3-quarter contraction.

Europe and South America were the only regions to show QoQ increases in both funding and deal activity. North America, Europe, and South America all saw increased funding QoQ while funding to Asia- and Australia-based companies fell 12% and 84%, respectively.

Facebook Inc (FB), Apple Inc (AAPL), Microsoft Corp (MSFT), Google (GOOG), and Amazon.com Inc (AMZN) - FAMGA - was active in fintech this quarter with patent approvals, partnerships, and investment activity.

Most notable was Apple's acquisition of Canada-based mobile payments company Mobeewave for $100 million.

Mortgage analytics firm Black Knight acquired Optimal Blue for $1.8 billion, ICE acquired EllieMae for $11 billion, and United Wholesale Mortgage is se......................

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