In June 2018, FinTech startups around the world raised $3.764 billion worth of VC investments across 147 deals. This was a whopping 116% growth (MoM) from the $1.746 billion raised in May 2018[1]. In terms of the number of deals, there was a 30% MoM growth in June as compared to the number of deals in May.
The US continued to dominate the funding charts with $1.16 billion raised across 56 deals, contributing to 31% of the global FinTech funding (by value) in June. China was a close second with a 25% ($938.5 million raised across nine deals) contribution, with Hong Kong, India & Israel contributing 16.7% ($630 million), 7.5% ($281.7 million) & 3.4% ($129.4 million) respectively.
Among the segments, Lending led the funding race in June 2018 with $789.8 million in funding across 31 deals. This was a staggering 230% MoM growth in the funding in this space compared May 2018. Chinese alternative lender CGTZ raised $358 million in a series D round. Another large funding deal in this space was the China-based 9fGroup’s Series D round of $65 million.
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The segment that held the second place in the funding race was AI/ML/NLP, which saw $620 million being raised in a single funding deal by the Hong Kong-based SenseTime. This was SenseTime’s second-largest funding round in 2018, and the company is now valued at more than $4.5 billion.
InsurTech was third in the list of segments with the highest amount of funding in June 2018 as the startups in this space raised $555 million across 30 deals. The India-based insurance aggregator Policybazaar raised the largest funding in this space in June, with a Series F round of $200 million. With
