July 23, 2018

June 2018 FinTech Funding – Lending, AI/ML/NLP & InsurTech Startups Topped the Charts

In June 2018, FinTech startups around the world raised $3.764 billion worth of VC investments across 147 deals. This was a whopping 116% growth (MoM) from the $1.746 billion raised in May 2018. In terms of the number of deals, there was a 30% MoM growth in June as compared to the number of deals in May. The US continued to dominate the funding charts with $1.16 billion raised across 56 deals, contributing to 31% of the global FinTech funding (by value) in June. China was a close second with a 25% ($938.5 million raised across nine deals) contribution, with Hong Kong, India & Israel contributing 16.7% ($630 million), 7.5% ($281.7 million) & 3.4% ($129.4 million) respectively. Among the segments, Lending led the funding race in June 2018 with $789.8 million in funding across 31 deals. This was a staggering 230% MoM growth in the funding in this space compared…

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