Investments in fintech companies, including those involved in blockchain solutions, doubled globally in 2018, reaching more than $ 55 billion. 46% of all transactions fell on China, where this rapidly growing sector was invested more than $ 25 billion. About this, with reference to the latest Accenture report, writes the South China Morning Post .
So, last year, the largest investment deal in this sector was the attraction of $ 14 billion to Ant Financial , the payment unit of the Chinese Internet giant Alibaba. In addition to blockchain payment solutions, other promising Ant Financial activities include the Internet of Things and artificial intelligence.
The second largest investment deal fell on Du Xiaoman Financial, which in April last year separated from the Chinese search engine Baidu, after which it attracted $ 4.3 billion in two rounds. Another major transaction worth $ 1.3 billion took place Chinese online private wealth management platform.
In general, last year, only in China, 348 investment deals were concluded in the field of fintech. This is more than two times more than in 2017, when there were 154 such transactions, and the amount of financing was only $ 2.8 billion.
Hong Kong has become another leader in the number of investments in the Fintech sector – 19 vs. 15 in 2017. However, the sum of total investments decreased by 66%, reaching $ 188 million versus $ 546 a year earlier.
Recall that last year it also became known that Warren Buffett holding Berkshire Hathaway began investing in FINTECH startups. In particular, about $ 600 million from the conglomerate received two Brazilian payment services StoneCo Ltd. specializing in emerging markets. and FINTECH Startup Paytm from India.
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