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Laxman Pai, Opalesque Asia: Total Fintech investment in the Americas was very robust with over US$51 billion in investment across 1,188 deals, said a study.
According to KPMG's Pulse of Fintech, the overall Fintech investment in the US remained robust in H1'21, reaching $42.1 billion. VC investment in the US was particularly strong, surging past 2020's peak high of $22 billion to reach over $25 billion in H1'21.
Big deals included a $3.4 billion raised by Robinhood, a $600 million raised by Stripe, and $500 million raises by Better, ServiceTitan, and DailyPay.
The maturation of the Fintech sector was evident in the robust exit activity in the US, including Affirm's successful IPO, the direct listing of Coinbase, the SPAC merger of SoFi with Social Capital Hedosophia Holdings Corp. V, and the SPAC merger of Insuretech Clover Health with Social Capital Hedosophia Holdings Corp. III.
Across the Americas more broadly, Fintech investment was also very strong, reaching $51.4 billion in H1'21. VC investment accounted for $31 billion of this total-shattering the previous annual high of $24 billion set in 2020.
Continued innovations in financial technology, combined with the dramatic increase in the use of digital offerings have made Fintech one of the most active sectors of investment, both from a VC perspective and from an M&A standpoint.
The global trend of increasing corporate participation in investment was particularly pronounced in the Americas during H1'...................... To view our full article Click here
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