While fintech funding in Europe more than doubled in Q1 2019, Asia took the biggest hit:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers.Global fintech funding was down 13% from $7.3 billion in Q4 2018 to $6.3 billion in Q1 2019, according to a new report fromHowever, deal numbers increased from 427 in Q4 2018 to 445 in Q1 2019, despite early stage funding dipping, while mid- and late-stage funding increased. Moreover, funding actually ticked up 1.5% year-over-year from $6.2 billion in Q1 2018.
North American fintech funding decreased 2%, but remains stable. This region has seen the least volatility last quarter, with fintechs securing $3.5 billion in funding. It remains the best funded region globally, and the largest fintech funding round in Q1 2019 went to US-basedAs fintech continues to mature, investor interest will likely increase — but some markets will be more difficult to enter than others.
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