VC Investment in FinTech Rebounds
5-25-2016
Following a cool 2015 Q4, fintech has roared back on the scene as a hot investment for 2016’s first quarter.
A new report from KPMG and CB insights says that worldwide, investment in private fintech companies was $5.7 billion for the first quarter, while VC backed fintech investment reached $4.9 billion dollars – up an astounding 96% from the $3.5 billion invested in Q1 2015. During this year’s first quarter, VC funded fintech players closed 128 deals to the tune of $1.8B – up 80% from the previous quarter. Corporate investment remains important to the rise of fintech, with participation in nearly a quarter of all deals inked.
The report points to a strong year for fintech, and suggests that investment will remain bullish in this burgeoning industry for the foreseeable future.
Check out the KPMG/CB Insights report, The Pulse of Fintech Q1 2016 Review, here.
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
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