Investment in HK fintechs more than doubles

Amid a worldwide surge in interest in financial technology start-ups, Hong Kong-based fintech investment soared to $545.7m last year, far outstripping regional rivals Australia and Singapore.

The analysis, carried out by Accenture and based on data from analytics form CB Insights, shows a sharp rise from $215.5m of investment in 2016 – already a doubling of $107.5m in 2015.

In 2017, investment in fintech companies around the world attracted a record high of $27.4bn of investments, a global total increase of 18% YoY. Due partly to nervousness at state regulation and restrictions, investment in mainland Chinese fintechs bucked the trend regionally and globally, declining by a whopping 72% YoY.

Yet despite the cooling effect, the Chinese mainland still far outstrips the region, with fully $2.8bn of fintech investments last year on the back of 146 separate contracts.

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment. He has extensive experience of the publishing industry having worked across the Middle East and Europe. He oversees the content across all its formats together with the business development for International Investment.

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