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.

Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment.

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