It’s been a whirlwind last few years in FinTech. Win-win deals are being structured in the FinTech space and getting the attention of larger partners. Global investment in financial technology ventures has more than tripled during a five year period – from under $930 million in 2008 to more than $2.97 billion in 2013 (see Figure 1).
We have seen global FinTech investment increasing, and the fourth quarter of 2014 was the busiest time in FinTech history, with 214 deals taking place globally. Large incumbent FinTech and payments businesses are the biggest acquirers of new FinTech startups -- and the entire FinTech market saw 211 exits in 2014 alone, making it the most prolific period of the last five years.
Stephane Dubois, chief executive of Xignite, which provides market-data cloud products said, “We see a big acceleration in financial technology — a FinTech gold rush. She estimated that start-up activity so far this year is about four to five times higher compared with 2013. Given the dramatic changes occurring in financial services, driven by new technology, regulations, consumer behavior, and the need for cost reduction, this global trend is expected to continue for the foreseeable future.
t’s been a whirlwind last few years in FinTech. Win-win deals are being structured in the FinTech space and getting the attention of larger partners.