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Laxman Pai, Opalesque Asia: Global VC investment in Fintech across M&A, PE, and VC deals reached a record $52.3 billion in H1'21 - more than doubling the $22.5 billion seen in H2'20, said the study.
According to KPMG's Pulse of Fintech, dry powder cash reserves, increasing diversification in hubs and subsectors, and strong activity across the world contributed to the record start to 2021, with funding increasing from US$87.1 billion in H2'20 to US$98 billion in H1'21.
M&A deals continued at a very healthy pace, accounting for $40.7 billion across 353 deals in H1'21, compared to $74 billion across 502 deals during all of 2020.
Late-stage venture valuations more than doubled year-over-year, with global median pre-money valuations for late-stage deals rising from $135 million in 2020 to $325 million at the end of H1'21.
The report said that Fintech valuations remained very high in H1'21 as investors continued to see the space as attractive and well-performing - a likely driver in the explosion of unicorn births with 163 created in the first half of the year.
Under pressure to increase the velocity of their digital transformation and to enhance their digital capabilities, corporates were particularly active in venture deals, participating in close to $21 billion in investment over nearly 600 deals globally, with many realizing it's quicker to do so by partnering with, investing in, or acquiring Fintech.
Meanwhile, global investment in cybersecurity reac...................... To view our full article Click here
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