Global fintech investment declined from $111,2-billion in the second half of 2021 to $107,8-billion in H122 but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates.
Compared to all periods outside of 2021, the amount was incredibly robust. The Americas accounted for the largest amount of VC funding , while EMEA set a new record high for a six-month period , led by the world’s two largest raises during the period: a $1,1-billion raise by Germany-based Trade Republic and a $1-billion raise by UK-based Checkout.com.
According to Shamit Govind, partner: digital consulting at KPMG SA: “Whether you’re the CEO of a large financial institution or the founder of an emerging fintech, understanding how market dynamics have shifted could be critical to your competitiveness and sustainability. The region saw only two $1-billion+ M&A deals during H122: the $3,9-billion merger of Italy-based Nexi and SIA and the $1,8-billion acquisition of UK-based Interactive Investor by Abrdn.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ZUKO MDWABA | Companies must cultivate a culture of connectionDespite mounting economic headwinds over the past two years, the Great Resignation trend shows no sign of abating. According to global research from McKinsey, the share of workers planning to leave their jobs this year remains unchanged from 2021, at 40%.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Global stocks lower, euro dips on Russian gas supply woesEuro drops below 99c for first time in 20 years and European gas prices jump as much as 30%
Source: BDliveSA - 🏆 12. / 63 Read more »