Fintech Investments Have Hit $91.5 Billion In 2021, Nearly Doubling Last Year’s Total:
The fintech sector is booming, with a record $91.5 billion in global funding so far this year—that’s almost twice as much as what the sector collected in the entirety of 2020.
The CB Insights report shows Tiger Global Management and Coinbase Ventures lead the pack among fintech investors, with 24 and 22 deals in the third quarter, respectively. The U.S. remains the region with the most fintech deals, gaining ground during the last quarter to make up 38% of global fintech deals, followed by Asia with a 26% share.
“Some people thought that the internet was winner-takes-all, and that may be true in some markets. But it's usually not true in fintech,” says Sheel Mohnot, who has been investing in seed-stage fintech for six years as general partner at Better Tomorrow Ventures., the U.K.’s Revolut, San Francisco-based Chime and Mexico’s Kavak saw the biggest funding rounds in the sector during Q3, amassing a joint $3.2 billion.
“People are just starting to discover there are going to be unicorns in every major country—I think any country above a hundred million people will have a fintech unicorn very soon,” says Mohnot. The report showed exits from the fintech sector also reached a new high, tallying 723 this year, a 25% increase from last year and more than double what we saw five years ago.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fintech Investments Have Hit $91.5 Billion In 2021, Nearly Doubling Last Year’s TotalForty-two fintech companies became unicorns in the third quarter alone, making up a third of total unicorn births, according to CB Insights’ State of Venture Report.
Les mer »
Inflation rate increase means groceries and Christmas gifts cost more. How to combat higher pricesChristmas gifts and groceries are costing more in 2021 with inflation hitting a 39-year high in November, according to the latest CPI.
Les mer »
The 2021 Words Of The Year Are So Revealing About Exactly What Went Down In 2021From vaccines to cicadas, 2021 was certainly a year to remember.
Les mer »
The Eye-Opening Moment I Realized I Was Actually a Miranda from Sex and the City - E! OnlineAfter spending my teenage and college years convinced I was a Charlotte, adulthood hit me hard, and made me realize that I'm a total Miranda.
Les mer »
BTS Wins Album of the Year at 2021 Mnet Asian Music AwardsBTS scooped up the most trophies of the night on Saturday at the Mnet Asian Music Awards, the region’s largest music awards ceremony. The event known as MAMA, which was offered as a global li…
Les mer »
Streamy Awards: MrBeast Wins 2021 Creator of the YearThe top award of the night went to the most-watched creator, whose real name is Jimmy Donaldson, for the second year in a row.
Les mer »