Global fintech funding fell 47.2% in 2016, but here’s why it’s no cause for worry

SINGAPORE (Feb 23): Asian financial technology (fintech) investment hit a new high of US$8.6 billion ($12.2 billion) in 2016 even as total global funding fell 47.2% to US$24.7 billion, according to KPMG International’s latest quarterly report, The Pulse of Fintech.

In a Thursday release, the professional service company emphasises that the 2016 global figure was still significant compared to the pre-2015 investment levels, as its decline was in comparison to a record-setting US$46.7 billion in total global funding registered in 2015.

Global merger and acquisitions (M&A) and private equity (PE) fintech deals dropped considerably in 2016, while venture capital (VC) investment reached a new high of US$13.6 billion compared to US$12.7 billion in 2015.

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