Whole global fintech funding (throughout mergers & acquisitions, non-public fairness and enterprise capital) reached $210 billion with a file 5,684 offers in 2021 — up from $125 billion throughout 3,674 offers in 2020, a brand new report confirmed on Tuesday.
India as soon as once more shined on the worldwide map, with 4 out of prime 10 fintech deals within the Asia-Pacific area originating from the nation.
“It demonstrates India’s growing affect within the fintech area. Introduction of digital rupee will make this area extra attention-grabbing as newer fashions evolve round neobanks, wealthtech and insurtech,” mentioned Sanjay Doshi, Associate and Head, Monetary Companies Advisory, KPMG in India.
In keeping with the ‘Pulse of Fintech H2’21’, the fintech funding within the second half of final yr accounted for $101 billion.
The funds area noticed $51.7 billion in funding in 2021 – up from $29.1 billion in 2020 and funding in blockchain and crypto area soared from $5.5 billion in 2020 to $30.2 billion in 2021.
A continued surge in curiosity in areas like ‘purchase now, pay later’, embedded banking, and open banking aligned options has helped hold the funds area very strong, mentioned the report.
Cybersecurity ($4.85 billion) and wealthtech ($1.62 billion) additionally noticed record-levels of funding.
Cross-border fintech M&A deal worth greater than tripled year-over-year – to $36.2 billion.
Whole fintech-focused M&A deal worth rose from $76 billion in 2020 to $83.1 billion in 2021.
“PE funding to fintechs greater than doubled from its earlier excessive – with $12.2 billion in funding in 2021 in comparison with a peak of $5.2 billion in 2018,” the report famous.
VC funding in fintech globally greater than doubled year-over-year — from $46 billion in 2020 to a file $115 billion funding in 2021.
The US accounted for $88 billion of complete funding and $52.7 billion in VC funding.
Fintech investment within the Asia-Pacific area nearly doubled – from $14.7 billion in 2020 to $27.5 billion in 2021, mentioned the KPMG report.
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