Fintech funding tops $8.3b in Q2 but Asia deals hit near-record low

Illuminated commercial buildings are seen from the observation deck of the Oriental Pearl Tower at night in the Lujiazui Financial District in Shanghai, China, on Friday, Oct. 13, 2017. Photographer: Qilai Shen/Bloomberg via Getty Images

Financial technology (fintech) funding in the second quarter of this year topped $8.3 billion globally but deals and funding in Asia hit near-record low and are on track to fall below 2018 total, according to the latest report released by CB Insights.

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