Fintech investments have more than doubled to $8.4 billion in Q2 2017 from $3.6 billion in Q1 2017, according to KPMG’s Q2 2017 Pulse of Fintech report.
Global M&A investment helped drive the fintech market rebound, with $5.9 billion in deal value for M&A for the quarter. China recorded nine transactions (VC and M&A) for $282 million in deal value, a slight increase from the seven closed in Q1 2017.
Mainstream financial institutions are embracing the disruptive FinTech and forging partnerships in efforts to sharpen operational efficiency and respond to customer demands for more innovative services, according to PWC.
