Fintech Fundings January 2017
In January, $ 770 million was invested to FinTech startups in 85 investment. Also note that, this figure includes only angel investment and venture capital investments.
Fintech is one of the hottest topics and FintechStartupsCo is at the forefront of sites that offer open databases on this subject. The site sends a monthly funding report on the 5th day of every month.
If we look at the details of this month’s report, the most popular sub-area is “Lending”. Lending is followed by Payment and Banking, and the fourth row is Bitcon / Blockchain initiatives.
Compared to previous month, the amount of investment seems to have fallen. There is a 17% decrease in amount invested and a 7% decrease in number of rounds.
The countries that attract the most fintech investment are America, China and UK. India is in fourth place. In fact, these quads have not changed much in the last year, they only change positions between themselves. So we can say clearly that there are four hubs in fintech.
It is noteworthy that Workfusion is the the biggest investment in America which has AI-based features (most popular subjects nowadays). 9 of the top 10 investments in China are in the field of “Lending”. The remaining one serves on credit scoring to improve productivity in the Lending field. For that reason we can clearly say that the main topic in China is “Lending”!
In Europe, funding circles from the UK, Raisin from Germany, iZettle from Sweden and iyzico from Turkey are the most remarkable investments.
The main topic in Africa is payment and money transfer! Investments in this area in January are from Uganda and Kenya.
In January, one payment system initiative from New Zealand raised money.
In summary, although the total amount of investment in FinTech decreases compared to the previous month, investments at the top speed continue.
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