Investment in US fintech firms on the rise
12 July 2013 | 11395 views | 0
Investment in US fintech firms from venture capital, private equity and angels is on course to top $2.5 billion this year, according to data from CB Insights.
Since 2008, just over $9 billion has been invested in fintech firms across 1314 deals, CB Insights says, with the figures steadily rising year-on-year. In the first half of 2013, more money was invested, in more deals, than in the whole of 2008.
The report also provides an insight into the hot focus areas for fintech investors. Of five groups covered, payments specialists have secured the most funding - in 2008 they accounted for 53% of all deals and a massive 70% of all dollars.
In 2013 the dominance has subsided, with payments firms accounting for 44% of all deals and just 28% of the money, less than the 29% secured by banking and corporate finance outfits. This year, capital markets accounted for 10% of dollars invested, data analytics 19%, and PFM 14%.
The CB Insights report was sponsored by Accenture, Partnership Fund for New York City and the FinTech Innovation Lab, which this week held their 'Demo Day' in New York, giving start-ups the chance to show off their technology to potential investors.