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Global fintech investment doubled to US$8.4 bil in 2Q from 1Q: KPMG

Samantha Chiew
Samantha Chiew8/1/2017 1:28 PM GMT+08  • 2 min read
Global fintech investment doubled to US$8.4 bil in 2Q from 1Q: KPMG
SINGAPORE (Aug 1): Total global fintech investment more than doubled 2Q17 to US$8.4 billion ($11.4 billion) from US$3.6 billion in 1Q17, according to KPMG’s Pulse of Fintech report.
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SINGAPORE (Aug 1): Total global fintech investment more than doubled 2Q17 to US$8.4 billion ($11.4 billion) from US$3.6 billion in 1Q17, according to KPMG’s Pulse of Fintech report.

The increase was mainly due to global M&A investment, which saw US$5.9 billion in deal value for the quarter.

Conversely, global venture capital (VC) funding to fintech companies saw a drop with US$2.5 billion raised in 2Q.

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