Fintech market resilient after a banner year in 2021 - IT-Online

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Fintech market resilient after a banner year in 2021 - take a look at the numbers ~

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.

 

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