In July 2018, FinTech startups across the globe raised $3.226 billion worth of VC/PE investments across 171 deals. In terms of MoM trends, this was a huge decline of 82% from the whopping $17.9 billion raised by FinTechs in terms of VC/PE funding in June 2018. However, the funding raised in June was heavily spiked due to the $14 billion VC/PE funding raised by Ant Financial. If we exclude this huge deal, then the funding in July would see a decline of 18.7% in terms of MoM value from June 2018. In terms of the number of deals, there was a 16% growth (MoM) from the 147 VC funding deals in June 2018.
In region-specific terms, the Americas dominated global FinTech VC funding in July with 49% in contributions in terms of funding value ($1.56 billion) and 43% in terms of the number of deals (74). Asia placed second with 33% in contributions to global FinTech VC funding by value ($1.06 billion) and 27% in terms of the number of deals (46). In terms of the countries, the US continued to extend its dominance in global FinTech VC funding with $1.37 billion raised across 67 deals, contributing to 42.7% of the global FinTech VC funding (by value) in July. China came a distant second with 16% ($513 million raised across 12 deals) in contributions, with the UK, India, and Israel contributing 13.2% ($427 million), 8.8 % ($284 million) and 3.2% ($104 million) respectively in terms of funding value.
Among segments, Lending led the VC funding race in July 2018 with $865.1 million in funding across 38 deals. This was a 9.5% MoM growth in funding in this space compared June 2018. This segment saw a number of high-value
