The research has also found that the funding was raised through 1,707 deals, up from 1,480 in 2017. The surge in funding was due in large part to 52 mega-rounds (investments larger than USD 100 million), which were worth USD 24.88 billion combined.
The research further uncovers the following:
a USD 14 billion investment in Ant Financial accounted for 35% of total fintech funding alone in 2018;
in the last three months of 2018, five companies joined the rank of fintech “unicorns”: Brex, Monzo, and Plaid;
venture capital investors have been pouring billions of dollars into fintech companies to gain market share from incumbent financial institutions;
fintechs have emerged globally across all sectors of finance, including lending, banking, and wealth management;
Asia saw the biggest jump in number of deals in 2018, growing 38% from 2017 and accounted for USD 22.65 billion;
in the US, fintechs raised USD 11.89 billion through 659 investments, while the number of deals dropped in Europe, but funding reached USD 3.53 billion.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.