Global Fintech Fundraising Fell in First Half of 2019, with Decline in China Offsetting Gains in the US and Europe, Accenture Analysis Finds
Accenture plc Class A Ordinary Shares (Ireland) (ACN)
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Source: Business Wire
Value of deals falls 29% after record Ant Financial round in 2018; Fundraising soars in the US and the UK, with strong gains also in Germany, Sweden and France HONG KONG & NEW YORK & LONDON--(BUSINESS WIRE)--Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and several other European countries, according to Accenture (NYSE: ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190814005677/en/Global half year performance comparison (Graphic: Business Wire)The total value of fintech deals globally in the six months ended June 30 was US$22 billion, compared with US$31.2 billion in the same period of 2018, a decline of 29%. The drop was due mostly to th
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