European Fintech investment surpassed Asia

European Fintech investment surpassed Asia

Fintech is Europe’s largest venture capital (VC) investment category, receiving 20% of all VC investment in the region between 2017 and 2019 year-to-date (YTD), surpassing enterprise software (17%), health (13%) and transportation (8%), according to the State of European Fintech 2019 report by Dealroom, in partnership with Finch Capital.

In Europe, fintech investment is gaining momentum, outperforming Asia for the first time since 2015 with US$5.1 billion raised by European fintechs in H1 2019, against US$2.2 billion for Asian fintechs.

European challenger banks and payments companies have raised the largest chunk, with both categories raising EUR 2.4 billion in 2019 so far. Lending and mortgage and wealthtech are two other popular segments, raising EUR 1.4 billion and EUR 8 billion respectively so far this year.

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Source: European Fintech Investment Surpassed Asia | Fintech Schweiz Digital Finance News – FintechNewsCH