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.
Read the full article from CNBC.