China suffered a sharp decline in fintech deal activity which caused global investments in the space to dip 3.7 percent in 2019.
3,472 fintech deals were recorded with a total value of $53.3 billion in 2019, according to a report by Accenture. Though this is a slight drop from 2018’s record-high $55.3 billion from 3,251 deals, it is still the second-highest annual recorded value since 2013.
Whilst global demand remained robust, the effects of the U.S.-China trade war were being felt by the latter rival with the number of fintech investments plummeting 38 percent from 348 deals in 2018 to 216.
U.S. Still King
The U.S. retained its throne as the king of fintech investments, posting a 54 percent surge in total deal value to $26.1 billion in 2019. Other markets that made sizeable gains include the U.K. which posted a 63 percent increase to $6.3 billion alongside India Brazil and Germany.
Still, Asia remains the region of choice for fintech capital greater growth due to a strong economic outlook fuelled by continued urbanization and middle class growth. Hong Kong and Singapore, for example, saw fintech deal value grow nearly 100 percent and 40 percent, respectively, albeit from a low base
«Despite strong demand for fintech globally, it’s likely that, as start-ups become more mature, investments will flow to fast-growing economies, where there’s still a huge, unaddressed consumer and corporate market thirsty for innovations,» according to said Julian Skan, a senior managing director in Accenture’s financial services practice
China suffered a sharp decline of fintech deal activity which caused global investments in the space to dip 3.7 percent in 2019.
3,472 fintech deals were recorded with a total value of $53.3 billion in 2019, according to a report by Accenture. Though this is a slight drop from 2018’s record-high $55.3 billion from 3,251 deals, it is still the second-highest annal recorded value since 2013.
Whilst global demand remained robust, the effects of the U.S.-China trade war were being felt by the latter rival with the number of fintech investments plummeting 38 percent from 348 deals in 2018 to 216.
U.S. Still King
The U.S. retained its throne as the king of fintech investments, posting a 54 percent surge in total deal value to $26.1 billion in 2019. Other markets that made sizeable gains include the U.K. which posted a 63 percent increase to $6.3 billion alongside India Brazil and Germany.
Still, Asia remains the region of choice for fintech capital greater growth due to a strong economic outlook fuelled by continued urbanization and middle class growth. Hong Kong and Singapore, for example, saw fintech deal value grow nearly 100 percent and 40 percent, respectively, albeit from a low base.
«Despite strong demand for fintech globally, it’s likely that, as start-ups become more mature, investments will flow to fast-growing economies, where there’s still a huge, unaddressed consumer and corporate market thirsty for innovations,» according to said Julian Skan, a senior managing director in Accenture’s financial services practice.
