Data shows Fintech market growth

Data shows Fintech market growth

According to data provided by KPMG, the global fintech funding continues to remain strong with US$8.2 billion invested in the third quarter of 2017. This is after more than doubling to US$9.3 billion in the second quarter. Even though deal volume declined slightly in the third quarter this year, investments in Fintech were still way above the US$6.3 billion raised in third quarter of 2016. The United States has led the in global fintech investments. Data shows that in the 3rd quarter of 2017 US$5 billion deployed across 142 deals. A major portion of the fintech industry is the blockchain market. Data by Research and Markets projects that the global blockchain market size is expected to reach USD 7,683.7 million by 2022. Global Payout, Inc. (OTC: GOHE), Global Blockchain Technologies Corp. (OTC: BLKCF), MGT Capital Investments, Inc. (OTC: MGTI), AppTech Corp. (OTC: APCX), AppSwarm, Inc. (OTC: SWRM)

Ian Pollari, Global Co-Lead of KPMG Fintech, “The fintech market continues to rapidly evolve with an increasing diversity of funding participation and sources, geographic spread and areas of interest… We are seeing the emergence of fintech leaders who are looking to expand internationally to scale their platforms, as well as large technology giants moving into adjacencies to create new value for their customers. This is a trend that is expected to continue and could force incumbent financial institutions to take bolder steps in response.”

 

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Source: Data Shows Fintech Market Growth – PR Newswire

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