Total global fintech funding (in mergers and acquisitions, private equity, and venture capital) reached $210 billion in 2021 with a record 5,684 deals, an increase of $125 billion from 3,674 deals in 2020. This was claimed in a report on Tuesday. India has once again emerged on the global map with four of the top 10 fintech deals in the Asia-Pacific region. According to 'Pulse of Fintech H2'21', Fintech funding contributed $101 billion in the second half of last year. It has seen a steady increase. The report said that continued growth in interest in areas such as 'buy now, pay later, embedded banking and open banking aligned solutions has helped keep the payments space very strong.
Cyber security ($4.85 billion) and wealth tech ($1.62 billion) also saw record levels of investment. The value of cross-border fintech M&A deals more than tripled year-on-year -- to $36.2 billion. PE funding for fintech has more than doubled from its previous high, with $12.2 billion in investments in 2021 compared to $5.2 billion in 2018, the report said.
Globally, VC investment in fintech more than doubled year-on-year from $46 billion in 2020 to a record $115 billion in 2021. The US contributed $88 billion of the total funding and $52.7 billion in VC funding. Fintech investment in the Asia -Pacific region nearly doubled - from $14.7 billion in 2020 to $27.5 billion in 2021.
Amid the ongoing tension with Pakistan, a mock drill will be held on Saturday in the border state
India will take on Pakistan in the Champions Trophy 2025 on Sunday, February 23 at the Dubai Inte
The nasal vaccine cannot be administered in the country to people who have received a booster dos
Former Indian team captain MS Dhoni keeps making a lot of headlines inside and outside the field.
'The whole world has expectations from India', PM Modi said at MP Global Investors Summit.
PM Modi inaugurated the Global Investors Summit in Bhopal today. This summit will run from 24-25
The second and final match of the two-Test series between India and West Indies is being played a
It has been more than 20 days since the incident in Morbi, Gujarat, but even today many people ar
All episodes of Stranger Things Season 5 are now out. After three years, the new season was relea
Iraq: Seven IS terrorists killed in an airstrike, army attacked the cave
Seven Islamic State (IS) terrorists were killed in an airstrike in Iraq's Nineveh province on Tue
Lakhs of students across the country who appeared in them are waiting for the results of the annu
