$5.5+ Billion Worth of FinTech Investments in Seven Months (July 2015 to January 2016)

January 25, 2016     By : Amit

The FinTech industry has always been in the eyes of VCs and investors. The already established FinTech players have started taking major steps in order to engage with emerging technologies. Cloud technology and open-source software have lowered the entry level barriers, thereby causing a rapid increase in the establishment of new startups. This revolution in technology and innovation is engaging investors with the FinTech Industry. In addition, the emerging and evergreen FinTech sectors like lending, bitcoin,blockchain, identity verification, loyalty & rewards, mPOS and cloud-based financial services are majorly attracting investors.

LTP analyzed the investments that were made in the FinTech Industry during July 2015 – January  2016. According to the analysis, more than $5.5+ billion of investments were made in the FinTech Industry during this period. The analysis also revealed that the majority of the funding raised by the companies was to expand their services globally.

The largest funding of $1 billion was raised by Sofi in its series E round; the investments were led by SoftBank Group and other investors, including Baseline Ventures, DCM Ventures, IVP, Renren Inc., Third Point Ventures and Wellington Management.

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Amit

Amit is the Co-Founder & Chief Curator of Let's Talk Payments. He has a strong background in strategy and market analysis and has advised dozens of clients (ranging from startups to Fortune 500) in payments, commerce and technology. His vision with LTP is to provide the same level of analytical rigor that analysts put into their work and combine it with Content 2.0 technology to offer unparalleled satisfaction for readers in this space.

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