KPMG: In Q3 Global Fintech Financial Investment Struck $8.2 Billion

KPMG: In Q3 Worldwide Fintech Financial Investment Struck $8.2 Billion

KPMG Pulse of Fintech was released today and as normal it was packed filled with intriguing information points concerning the worldwide Fintech industry.Overall, worldwide Fintech financial investment remains strong with$8.2 billion invested across 274 offers. Substantial Fintech offers helped to propel this number with the US blazing a trail. A few of the larger investments throughout the quarter consist of:

  • Intacct– $850 million
  • Concardis– $806 million
  • CardConnect– $ 750 million
  • Xactly– $564 million
  • Merchants’ Choice Payments solutions– $470 million
  • Gain Access To Point Monetary $350 million
  • Service Finance Business– $304 million
  • Prodigy Finance– $204 million
  • TIO Networks– $238.9 million
  • Dianrong– $220 million

The mean size deal held strongly:

  • Angel– Seed Stage– $1.4 million
  • Early Phase– $5.5
  • Later Phase $16 million

Insurtech is on course for a record breaking year with VC investments standing at $1.53 billion by the end of Q3 for 179 offers. For the entire year of 2016, Insurtech saw $1.79 billion bought 203 deals.Regionally, Fintech deals break down as follows: Americas–$5.35 billion for 158 deals