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Global fintech investment reaches $105bn with Robinhood raising most in H2


Global fintech investment reaches $105bn with Robinhood raising most in H2
Tuesday, March 02, 2021
Laxman Pai, Opalesque Asia:
The overall global fintech funding across M&A, PE, and VC was US$105 billion across 2,861 deals in 2020: the third-highest level of investment in fintech ever said a report.
According to the report by KPMG, except for M&A - which saw deal value drop over 50 percent (from $130 billion in 2019 to $61 billion in 2020) - the overall fintech market proved remarkably resilient in 2020 despite a broad array of uncertainties, from the global pandemic to the US presidential election.
The report, Pulse of Fintech H2 20, revealed that following a short COVID-19 driven pause in H1 20, fintech investment bounced back strongly in H2 20, more than doubling from H1 20 ($33.4 billion) to H2 20 ($71.9 billion). ....

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