Asia tops US in VC-backed fintech deals in second quarter, gets new unicorn

Photo by Olu Eletu on Unsplash

The second quarter of 2018 saw Asia trump the US in terms of both venture capital-backed fintech deal count and maximum mega rounds – those over $100 million in value – for the first time, according to a latest CB Insights report.

Asia’s fintech startups raised $16.8 billion across a record 133 deals in Q2, driven by a spike in early-stage deals and a 94 per cent increase in Chinese deals, according to CB Insights’ Q218 fintech report.

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