June 11, 2018

May 2018 FinTech Funding – InsurTech, B2B FinTech & Blockchain Topped the Charts

In May 2018, FinTech startups across the globe raised $1.75 billion worth of VC investments across 113 deals. In terms of MoM growth, in May 2018, global FinTech funding witnessed a decline of 19.8% from the $2.18 billion raised in April 2018. The US continued to dominate the funding charts with $1.04 billion raised across 50 deals, contributing to 58% of the global FinTech funding (by value) in May. India was the distant second with a 14% ($249.8 million raised across 20 deals) contribution, with China, the UK, and Israel contributing 10% ($173.3 million), 8% ($134.4 million), and 2% ($33 million) respectively. Among the segments, InsurTech led the funding race in May 2018 with $422.6 million in funding across only 22 deals. There was a 98% MoM growth in the funding in this space from April 2018. India-based aggregator PolicyBazaar raised the largest funding ($200 million) in this segment, followed…

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