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Laxman Pai, Opalesque Asia: Global fintech investment was US$210 billion across a record 5,684 deals in 2021 - up from US$125 billion across 3,674 deals in 2020, said a study.
According to the study 'Pulse of Fintech' published by KPMG, Payments continued to attract the most funding among fintech subsectors, accounting for US$51.7 billion in investment globally in 2021 - up from $29.1 billion in 2020.
"A continued surge in interest in areas like 'buy now, pay later', embedded banking, and open banking aligned solutions has helped keep the payments space very robust," said the study.
Blockchain and crypto were also a very hot sector, attracting a record US$30.2 billion in investment - up from US$5.5 billion in 2020 and more than three times the previous record of US$8.2 billion seen in 2018. Cybersecurity (US$4.85 billion) and Wealthtech (US$1.62 billion) also saw record levels of investment.
Other fintech areas also saw robust funding in 2021, including insurtech (US$14.4 billion), regtech (US$9.9 billion).
Cross-border fintech M&A deal value more than tripled year-over-year - to $36.2 billion. Total fintech-focused M&A deal value rose from US$76 billion in 2020 to US$83.1 billion in 2021.
PE funding to fintechs more than doubled from its previous high - with US$12.2 billion in investment in 2021 compared to a peak of US$5.2 billion in 2018.
VC investment in fintech globally more than doubled year-over-year - from US$46 bil...................... To view our full article Click here
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