Accenture: Global Fintech Investments Plunge in H1 of 2019

August 20, 2019 | FinTech, News

The US-China trade war took a toll on global fintech investments, which slumped 29% in the first half of the year.

Accenture says that fintech deals across the globe in the first half of 2019 amounted to $22 billion. That figure is sharply lower than $31.2 billion in the same period in 2018.

However, the number of deals increased by 2% to 1,561 this year.

Accenture: Ant Financial skews data

Adjusting the above figures for the $14 billion raised in 2018 by China’s Ant Financial Services, the operator of Alipay and an affiliate of Alibaba Group Holding, global fintech investments would be up 28% in the first six months of this year.

However, China lurched under the impact of the trade wars. Fintech investments in the country totaled just $820 million in the first half of 2018. That figure is down compared to $17.7 billion in the same period of 2018. Adjusting for Ant Financial, fintech fundraising was nevertheless down 79%.

Rest of the World

In the US, fintech investments in H1 2019 surged 60% to $12.7 billion, while in the UK fintech fundraising jumped two-fold to $2.6 billion.

However, the outlook is not too bright. “Fundraising is likely to reach a plateau soon and will most likely dip going forward,” warned Julian Skan, a senior managing director at Accenture.

Feature image source: Flickr

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…