Brett King and Jason Henrichs talk with their international guests about trends in FinTech and how these advances will spread across regions. Jason is joined by Amit Goel, Chief Strategy & Innovation Officer at MEDICI to discuss FinTech funding – in June 2018, FinTech startups around the world raised $3.764 billion worth of VC investments across 147 deals[1], which was a whopping 116% over May with some real surprises.
Source: Provoke.fm[2]
Amit shares that 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 2018. 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 close to $790 million in funding across 31 deals. This was a staggering 230% MoM growth in the funding in this space compared May 2018[3].
Source: June 2018 FinTech Funding – Lending, AI/ML/NLP & InsurTech Startups Topped the Charts[4]
While lending is continuously one of the most funded and represented segments in FinTech, AI/ML has been a surprising breakthrough in June 2018 – largely thanks to a single deal. AI/ML/NLP, the segment that held the second place in the funding race, 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.
Amit shares his perspective on
