Global fintech companies raise $22.8 billion in Q1
Wednesday, 05 05 2021, Category: Technology, Country: World
Financial technology companies around the world have raised more than $ 22.8 billion through 614 deals, according to the report, “The State of Financial Technology in the First Quarter of 2021,” prepared by CB Insights, a global company specialized in the field of global market research.
The report stated that North America led the race for financial technology financing (264 deals / $ 12.8 billion), followed by Europe (151 deals / $ 5 billion) and Asia (147 deals / $ 3.7 billion), while the three continents accounted for more than 90% of the total financing. Financial technology for this quarter.
Australia (11 deals / $ 193 million) and South America (20 deals / $ 999 million), while Africa saw a 22% drop in deals in the first quarter of 2021 (21 deals / $ 45 million) / unlike Europe, which witnessed growth. In funding nearly tripled on a quarterly basis, due to mega rounds that accounted for 68% of the continent’s total funding for the quarter.
The report indicated that some activities within the fintech sector witnessed significant growth in the first quarter of 2021, while others witnessed modest gains, and the largest financing operations went to the payments, digital banking, digital lending and wealth management sectors.