*Source: The Pulse of Fintech, Q3 2016, Global Analysis of Fintech Venture Funding, KPMG International and CB Insights (data provided by CB Insights) November 16th, 2016.
A recent quarterly report by international auditing firm KPMG signals a positive trend in venture capital (VC) investment in FinTech after a few quarters of reduced investment activity. While FinTech investment in 2016 was never expected to outpace the billion dollar infusions of 2015, FinTech remains a viable and important piece of VC portfolios.
Asia, particularly China, saw substantial increases in FinTech investment between Q2 and Q3 2016, up around $400 million to $1.2 billion. The presidential elections were believed to have chilled investment in America during Q3. Payments and lending continue to drive FinTech investment in America and abroad, but Bitcoin and blockchain applications, regulatory technology (RegTech) and insurance technology (InsurTech) are gaining significant interest.
Read the full report here.
