Asia Pacific records USD11.6 billion in fintech investment, with China’s fintech sector showing maturity, finds KPMG analysis


Source: intellasia.net intellasia.net

Key Topics in this News Article:

News Snapshot:

PR Newswire Asia | 11:28 AM Insurtech continues to gain traction among Chinese investors HONG KONG , Feb. 26, 2021 /PRNewswire/ -- Fintech companies in Asia Pacific attracted USD11.6 billion across 565 deals from venture capital, private equity and M&A in 2020, compared to USD 16.8 billion in 2019, reaching a six-year low, as the pandemic saw a decline in investment into emerging markets like Southeast Asia , particularly in the second half of the year. Global fintech funding was USD105 billion in 2020, the third highest fintech investment on record despite a significant drop compared to USD165 billion in...