Fintech companies set new funding record

Pedro Gonçalves
Fintech companies set new funding record

Venture capital-backed fintech companies set a new record last year with investors across the world raising $39.57bn, up by 120% from the preceding year, according to data published by research firm CB Insights recently. The number of deals is also up from the 1,480 in 2017.  The 120% increase, according to research data, was mostly due to 52 deals that saw investments over $100 million and made up for $24.88bn, the bulk of the total amount. 35% of the total investments in fintech compa...

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