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Laxman Pai, Opalesque Asia: Europe, the Middle East, and Africa (EMEA) region saw US$39.1 billion in Fintech investment in H1'21, including a record US$15.1 billion in venture capital (VC) funding, said a study.
According to KPMG's Pulse of Fintech, the overall Fintech investment in the EMEA region continued to surge, with over $39 billion invested in H1'21, compared to 2020's annual total of $26 billion. The region also shattered its previous annual high for fintech-focused VC investment-attracting $15 billion in H1'21, compared to $9 billion during all of 2020.
The UK led the way with $24.5 billion of Fintech investment, including a $14.8 billion M&A deal by Refinitiv -followed by the Nordic region ($4.8 billion), Germany ($2.5 billion), and France ($2 billion), said the report.
The $4.8 billion in total Fintech investment in the Nordic region was primarily driven by three deals in Sweden: the $2.6 billion acquisition of trading platform company Itiviti by Broadridge Financial Solutions, and two funding rounds totaling $1.9 billion by 'buy now, pay later' company Klarna.
In H1'21, the EMEA region saw a much broader array of Fintech hubs attracting large investments than in the past-from the $800 million PE investment in Abu Dhabi-based Group 42 and the $600 million PE buyout of Ireland-based Fenergo to $100 million+ VC funding rounds in the Netherlands (i.e., Mollie, Bunq), France (e.g., Ledger, Market Pay, Shift Technology, Alan, and others), Austria (i.e., ...................... To view our full article Click here
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