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According to the latest KPMG and CB Insights report on venture deals, the US fintech sector gained 72% in 2015, hitting a record $7.40 billion – that is a giant increase compared to 2014, when the industry collected $4.3 billion.
Although the last quarter brought a cooldown of investment volumes in fintech, the remaining part of the year showed extremely high activity and the involvement of larger entities in the financial services industry. Dynamics and market response significantly accelerated and such scenarios are expected to continue in the coming months.
In the case of global trends, the final results were even better. ... (read more)