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Laxman Pai, Opalesque Asia: Global fintech investment (including private equity, VC, and M&A) dropped to $51.9 billion in the first half of this year, down from $62.3 billion in the second half of 2023, said a study.
According to recently released data from KPMG, the first half of this year saw 2,255 deals, a slight decline from the latter half of last year's 2,287 deals.
VC investment declined in all key regions; while the US and ASPAC saw modest declines between H2'23 and H1'24-from $38.5 billion to $36.7 billion in the Americas and from $4.6 billion to $3.8 billion in ASPAC-the EMEA region saw a more significant drop from $19.1 billion to $11.4 billion.
"The decline in deal value was partly due to the decline in large deals as fintech investors showed significant caution with their investments," said the H1'24 edition of KPMG's Pulse of Fintech.
During the six months, only five $1 billion+ fintech deals occurred globally, including the buyouts of US-based Worldpay for $12.5 billion, Canada-based Nuvei for $6.3 billion, US-based EngageSmart for $4 billion, UK-based IRIS Software Group for $4 billion, and Canada-based Plusgrade for $1 billion. The largest VC deal globally in the fintech space was a $999 million raise by UK-based Abound.
Despite the decline in total investment, regional deal volume hinted optimism. While deal volume globally dipped slightly, the decline was driven entirely by a decrease in deal volume in EMEA-from 804 in H2'23 to...................... To view our full article Click here
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