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In August 2018, FinTech startups across the globe raised $3.89 billion worth of VC/PE investments across 149 deals. In terms of MoM trends, there was a significant growth of 21% from the $3.23 billion raised by FinTechs in terms of VC/PE funding in July 2018. In terms of the number of deals, there was a 12% decline (MoM) from the 171 VC funding deals in July 2018.

In region-specific terms, Asia dominated global FinTech VC funding in August with 54.3% in contributions in terms of funding value ($2.11 billion) and 26.8% in terms of the number of deals (40). Americas placed second with 34.4% in contributions to global FinTech VC funding by value ($1.34 billion) and 46.3% in terms of the number of deals (69).

In terms of the countries, China led the global FinTech VC funding race with $1.25 billion raised across 9 deals, contributing to 32.1% of the global FinTech VC funding (by value) in August. The US was a distant second with a very close second with 31% ($1.2 billion raised across 61 deals) contribution, with India, the UK and Singapore contributing 12.3% ($478 million), 7.4% ($286 million) and 5.5% ($215 million) respectively in terms of funding value.

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Among the segments, Blockchain led the VC funding race in August 2018 with $1.16 billion in funding across only 12 deals. There was a staggering 1670% MoM growth in the funding in this space compared to July 2018 where Blockchain startups raised $65.8 million. This was majorly contributed by the high-value funding deal of China-based Bitcoin mining startup Bitmain which raised $1 billion. Another significantly large deal was that of US-based Dfinity which raised $102 million.

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