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In April 2018, FinTech startups across the globe raised $2.18 billion worth of VC investments across 107 deals. In terms of MoM growth, in April 2018, global FinTech funding witnessed a significant decline of 37.5% from the $3.49 billion raised in March 2018. The US continued to dominate the funding charts with $883.5 million, which was 41% of the global FinTech funding (by value) in April. Hong Kong comes second with a 29% ($625 million) contribution, with UK, India, and China contributing 14.4% ($300 million), 4% ($96.8 million), and 3.6% ($79 million) respectively.

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AI/ML segment led the funding race in March 2018 with $613 million in funding across only two deals. There was a staggering 181% MoM growth in the funding in this space from March 2018. As expected, China topped AI funding with Alibaba’s $600M investment in Chinese AI-based facial recognition provider SenseTime, making it the highest-funded FinTech startup in April 2018 globally.

The segment that held the second place in the funding race was Remittance with $250 million raised by UK-based Revolut in a lone funding deal. With this funding round, Revolut became the latest FinTech unicorn with a valuation of $1.7 billion.

Lending continued being in the top three funded segments as it raised $221 million across 22 deals to be placed third in the funding race in April 2018. The US-based Wunder ($112 million), PeerStreet ($29.5 million), the Singapore-based Funding Societies ($25 million), and India’s Capital Float ($22 million) were some lending startups who raised a good amount of funding.

InsurTech ($213.2 million) and RegTech ($116.9 million) were the other two segments which raised a over $100M of funding in April. While InsurTech has been among the top-funded segments in

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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