December 20, 2018

The FinTech Effect

The year of 2018 is proving to be an explosive one for global FinTech investments: in H1 2018, the global FinTech community raised more than $61.86 billion in a combination of VC/PE investments and acquisitions/buyouts. In terms of YoY growth, global FinTech VC/PE funding grew by a staggering 150%, from $12.25 billion in H1 2017 to $30.66 billion in H1 2018. In Q3 2018 alone, FinTech startups around the world raised more than $22.66 billion in VC/PE investments and acquisitions/buyouts. With an ever-increasing scale of financial investments, 12,000 FinTech startups operating globally across 50+ segments are tightly woven into the fabric of local economies, thereby shaping the future of a wide array of industries. Moreover, financial technology innovation facilitates structural changes across markets, plugging previously untouched groups of the population into the formal financial system. Safaricom’s mobile-money platform, M-Pesa, reaches an estimated 96% of households in Kenya and is credited…

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