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Asia fintech investment crosses US$1 bil threshold in 3Q

Fintech

Asia fintech investment crosses US$1 bil threshold in 3Q

Stanislaus Jude Chan Published on Tue, Nov 07, 2017 / 3:41 PM GMT+8

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SINGAPORE (Nov 7): Asia fintech funding crossed the billion dollar threshold for the first time in 3Q17, climbing to US$1.21 billion ($1.65 billion) raised across 41 deals.

China accounted for over half of Asia fintech investment at US$745 million.

Globally, a total of US$8.2 billion was invested in fintech funding during the quarter, up 30% year-on-year compared to US$6.3 billion raised a year ago.

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