Investment was up 120% from 2017, where 1,707 deals were closed last year compared to 1,480 in 2017. A $14 billion stake in Ant Financial—an affiliate of Alibaba Group Holding Ltd—made up more than one-third of the total fintech haul in 2018. In the U.S., fintechs raised $11.89 billion, also a record.
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2018 Was a Landmark Year for VC-backed Fintechs: CB Insights Report
According to research data provided by CB Insights, venture capital-backed fintechs raised $39.57 billion globally in 2018, setting a new record. So reports CNBC.
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