News Snapshot:
By Omar Faridi The Fintech sector in China didn’t close any major venture capital investment deals for the third consecutive quarter, according to a report from Forrester. This suggests that investors may not be confident about allocating capital towards Chinese Fintech projects because of the socioeconomic uncertainty due to COVID (and potentially other factors). Forrester’s quarterly report reveals that global Fintech funding levels were flat quarter-on-quarter (as confirmed by the latest data from Venture Scanner). VC investors have allocated around $7.5 billion in capital into various Fintech initiatives during the past three months (ending in September 2020). The same amount...
