The momentum fueling the Fintech Investments across the world is
very exciting, while the game is unbalanced between established companies and nascent startups.
Globally, investments in Asia-Pacific surpass North America, which as of July
31 garnered nearly $4.58 billion in fintech investments. Europe attracted nearly $1.85 billion in the same period. Deal volume announced remains higher in
North America and Europe. The Asia-Pacific records big investments in a few
select fintech companies.
According to Accenture, there have been 192 deals in Asia-Pacific so far this year, as compared
with 509 in North America and 230 in Europe.
Particularly, Accenture analysis of CB Insights data revealed
that, Asia-Pacific nearly doubles 2015 fintech financing in first half of 2016
reaching almost $10 billion; growth driven by China.
In fact, the top 10 investments in Asia-Pacific fintech
ventures occurred in China and Hong Kong, accounting for 90 percent of overall
Asia-Pacific investments and valued at $8.75 billion. In total, China and Hong Kong fintech ventures have attracted $9
billion in investments so far in 2016.
Fintech companies with major backers such as Alibaba and JD.com are focussed on end-to-end customer experiences
which includes payments and lending.
Ant Financial Services Group, the financial-services affiliate of e-commerce
giant Alibaba Group Holding that operates China’s online-payments platform
Alipay, closed a $4.5 billion fundraising round in April.
Ping An-backed Lufax, which has started using the name Lu.com, completed a $1.2 billion round of fundraising
in January. In that same month,
China’s second largest e-commerce company, JD.com, raised $1 billion in new funding for its
consumer finance subsidiary, JD Finance.
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