In our constant pursuit of delivering the most distinctive and unparalleled FinTech trends and developments around the globe, MEDICI conducted extensive analysis in its database of 13k plus FinTech companies. Having our own source of high-quality data allows us to bottom-up FinTech funding trends at a country-level. We grounded the data by leveraging our proprietary database of and mapped thousands of funded startups to their headquarters for providing an understanding of the highest level of funding by countries or regions over the period of last two years. Since some of these FinTech startups have global operations; this analysis has been done by mapping the funding deals to their headquarters. Bottom-up research helped us to arrive on the following conclusions:
1. Country-Specific FinTech Funding Trends
The global FinTech industry continues to witness a strong growth on a year-on-year basis and 2018 was no exception. On analyzing these funding deals at a country level, we found the US to be the most preferred destination for FinTech funding followed by China, the United Kingdom, and India. The US secured almost 3.9 times the funding compared to China, which came a distant second. The other prominent countries in this list are Singapore, Hong Kong, Japan, Brazil, Latvia, and Israel. Some of the least-funded countries in 2018 were Tanzania, New Zealand, Egypt, Rwanda, and Croatia.
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2. 2018 vs. 2017: A Region-Specific Analysis
The year 2018 saw explosive growth for global FinTech investments compared to 2017. A 2018 vs. 2017 analysis showcased how the funding value and number of deals have increased across various regions, i.e., EMEA, APAC, and the Americas. However, in these findings, we haven’t disclosed any absolute figures as it’s
