Global 2019 Fintech Investment Hits $37.9B Amid Slowdown

Law360 (August 2, 2019, 5:12 PM EDT) -- The total value of financial technology deals in the first half of 2019 posted a sluggish $37.9 billion when compared to 2018, while the U.S. share hit $18.3 billion and accounted for almost half the worldwide deals, according to a KPMG report.

Total value in 2018 from venture capital, private equity and mergers and acquisitions fintech deals hit $120 billion, largely driven by massive deals, including the $14 billion Ant Financial financing agreement, according to KPMG.

KPMG's biannual Pulse of Fintech report published Wednesday found that investment in fintech was particularly slow in the Asia-Pacific region in the first half of 2019, largely...

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