Funding in global FinTech reaches all-time high of $19.1 billion in 2015
Despite a pullback in the fourth quarter, funding in the FinTech sector reached record highs in 2015, according to a new report from KPMG and CB Insights.
The report says that global investment in FinTech companies totaled USD $19.1 billion in 2015, with $13.8 billion invested into VC-backed FinTech companies, a 106 percent jump compared to 2014.
The record deals were made despite a 64 percent sequential drop off in funding in Q4, says the report, with $1.7 billion invested across 154 deals to VC-backed FinTech companies globally. This represents the lowest quarterly FinTech funding total since the third quarter of 2014.
More highlights from the report:
- In North America, FinTech funding exceeded $7.6 billion across 378 deals.
- There are 10 FinTech Unicorn companies globally. Of these, 14 provide technologies and services for either payments or lending.
- In 2015, there were more than 60 deals totalling $50 million or more to VC-backed FinTech companies globally. Between 2011 and 2013, there were fewer than 15 of these deals.
The full report – Pulse of Fintech – is available online. (PDF)