Global Fintech Funding Falls Dramatically in 2016, China Bucked the Trend

[kreslik.news]

Fintech funding saw a dramatic decline in 2016 as investors were likely unsettled by uncertainty triggered by the Brexit vote followed by the US elections, according to KPMG and CB Insights.

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Global VC fintech funding reached $25 billion in 2016, down 50 percent from $47 billion in 2015. The number of deals also fell significantly, making 2016 the first year in which VC fintech investment fails to reach the previous year’s total.

European funding volumes declined dramatically. Fintech firms in Europe attracted only $2.2 billion in ... (read more)