Tag "fintech funding"
Fintech Funding Hitting Record Lows Amid COVID-19 Crisis
The COVID-19 outbreak has taken a toll on startup funding with fintech investment dropping to levels not seen since 2016 and 2017, according to CB Insights’ State of Fintech Q1’20 Report. Q1’20 VC-backed fintech activity declined to US$6.1 billion across
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24 Fintech Unicorns Were Born in 2019
In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the US, according to data from CB Insights. Following the US is Germany with three new fintech unicorns, and the UK
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Q3 Fintech Funding Tops US$8.9B Driven by Mega-Rounds
Fintech funding topped US$8.9 billion in Q3’2019, driven by 19 mega-rounds of US$100 million+. This brings the total amount raised by fintech companies to US$24.6 billion this year, as of Q3’19, according to CB Insights’ Global Fintech Report Q3 2019.
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A Snapshot of Fintech Unicorns in Asia
In 2018, Asia made a run at the US as the top market for fintech deals with a surge in early-stage and mega-round investments. The region recorded the biggest boost in fintech deals, raising US$22.65 billion across 516 deals, including
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10 Most Well-Funded Fintech Companies in China
China is undeniably the world’s fintech leader, hosting some of the largest and most popular ventures in the field. More than US$20 billion has been invested in Chinese fintech companies since 2014 with funding topping US$1 billion in Q1 2018
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