Investment into VC-backed fin tech companies has skyrocketed over the past four quarters, reaching an all-time funding high of $4.85B in Q3’15, and matching a deal count high of 147 deals previously set in Q1’15. The large funding total was buoyed by $500M+ financings to Social Finance ($1B, Series E) and One97 Communications ($680M, Corporate Minority).
Overall there were eight $100M+ financings to VC-backed fin tech companies in Q3’15.
Geographical trends
While North America continues to account for the bulk of the funding to VC-backed fin tech companies, 2015 will be the first year where three continents will see $1B+ in total funding in the space. Asia, Europe, and North America have all surpassed 2014’s totals with over a month left in 2015. Asia has seen the largest explosion in funding with nearly $3.3B in funding thus far this year across 102 deals, the first time another continent besides North America will see 100+ deals in a single year.
Asian VC-backed fin tech funding has been anchored by mega-rounds to the previously-mentioned One97 Communications, Lufax, Ant Financial, DianRong, and Rong360, among others.
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