Join JAAGNet and Group

SIgn up for JAAGNet & the FinTech Group its FREE!!

 

Member Benefits:
_____________________

 

Again signing up for JAAGNet & Group Membership is FREE and will only take a few moments!

Here are some of the benefits of Signing Up:

  • Ability to join and comment on all the JAAGNet Domain communities.
  • Ability to Blog on all the Domain communities 
  • Visibility to more pages and content at a group community level, such as Community, Internet, Social and Team Domain Community Feeds.
  • Make this your only content hub and distribute your blogs to LinkedIn, Reddit, Facebook, Twitter, WhatsApp, Messenger, Xing, Skype, WordPress Blogs, Pinterest, Email Apps and many, many more (100+) social network and feed sites. 
  • Opportunity to collaborate (soon to be  released) with various JAAGNet Business communities and other JAAGNet Network members.
  • Connect (become friends), Follow (and be Followed) and Network with JAAGNet members with similar interests.
  • Your Content will automatically be distributed on Domain and JAAGNet Community Feeds. Which are widely distributed by the JAAGNet team.

Join Us!

JAAGNet Newsletter Signup

Platinum Level Contributor
Global Fintech investment fell by 16% during the third quarter

According to research conducted by Comprar Acciones, the total value of global fintech investments fell by 16% between the second and third quarter, down to $12.15 billion.

While the total value of fintech investment fell, deal volume actually grew by 26%, with 716 new deals closed during Q3. Of this number, the US accounted for 64.7%, with their 340 deals bringing in a total valuation of $7.85 billion.

Around 60% of the total funding was raised through the 25 ‘mega-rounds’ which took place during the period, with the value of these phenomena increasing by 64%, up to $6.4 billion.

One fintech subsector that soared during Q3 was the payment industry, with deal volume bouncing 14% and total value increasing by 41.9% quarter-on-quarter to $6.22 billion – according to Global Data.

The top five deals in the segment accounted for 58.4% of the total. Klarna bank had the highest raise, at $650 million at a post-money valuation of $10.65 billion. This development saw it take its place as the highest valued private fintech in Europe and the fourth highest globally.

The buy now, pay later platform had 12 million monthly active users and 55,000 daily downloads. In H1 2020, its global transaction volume shot up by 44% YoY to $22 billion as revenue soared by 36% YoY to $466 million.

Elsewhere, the insurtech sector raised $2.5 billion globally across 104 deals according to Willis Tower Watson. It marked a 63% increase in funding value and a 41% growth in deal volume. The number of mega-round deals in the segment increased by 50% quarter-on-quarter. The Comprar Acciones research statement added:

“Six mega-rounds drove 69% of the total insurtech funding. Top on the list was Bright Health with $500 million and another $500 million by Ki. Early stage companies in the sector grew by 57% QoQ during the period, compared to a record low of 42% in Q2 2020.”

With an active but less valuable quarter for the fintech sector coming to a close, a recent and huge missed opportunity for the sector: the Ant Group IPO. Set to be launched by Alibaba mastermind, Jack Ma, the fintech was expected to have the largest stock market entry of all time. Unfortunately, Chinese authorities snuffed its entry at the last moment, with Bloomberg predicting that even if the company takes a second pass at listing, the blocked IPO might wipe as much as $140 billion off of its value.

 Originally written by:  Jamie Gordon 

Link to original article

 

E-mail me when people leave their comments –

You need to be a member of JAAGNet to add comments!

Join JAAGNet

JAAGNet FinTech Trends

FINTEC - Finance Technologies Conference and Exhibition

  • Description:

    IFINTEC – Finance Technologies Conference and Exhibition
    http://www.ifintec.com/English.aspx

    IFINTEC is a global conference which is one of the biggest and most important conferences in EMEA region with its focus on Retail Banking, Digital Banking, Core Banking, Payment Systems, Banking Technologies, Banking IT Solutions, Digital Transformation and Finance Technologies. With 850+ attendees, 30+ speakers, 30+…

  • Created by: Kathy Jones
  • Tags: fintech, finance, banking, it, istanbul, turkey

New York FinTech Week - Empire Startups - POSTPONED TO APRIL 12 - 16, 2021

Women in FinTech Summit - London - Hybrid Event

AI in Finance Summit - Deep Learning in Finance - Hybrid Event

Money 20/20 Europe - Amsterdam

  • Description:

    Money 20/20 Europe – Amsterdam
    https://europe.money2020.com/

    Money20/20 has always been about uniting the FinTech and Financial Services community, even in the toughest of times. In our enthusiasm and commitment to the industry, we really wanted to make our Money20/20 Europe and USA shows happen for you this year. Unfortunately we have had to take the very difficult decision not to run our events in…

  • Created by: Kathy Jones
  • Tags: money 2020, fintech, amsterdam, europe, rai

JAAGNet FinTech Blog Archive

See Original | Powered by elink

JAAGNet Channel FinTech Video Playlist