China leads the way as Asia-Pac fintech investments hits $13 bil

SINGAPORE (Aug 25): Investments in financial technology (fintech) ventures in the Asia-Pacific region in the first half of 2016 has surged to US$9.62 billion ($13 billion) – more than double of the US$4.26 billion invested in the whole of last year.

This is more than the US$4.58 billion and US$1.85 billion attracted by fintech ventures in North America and Europe, respectively, over the same period.

China is way ahead of the field: it accounted for over 91% of the region’s total fintech investments in 1H16, with some US$8.85 billion raised.

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