Investment in fintech companies increased 173% in Q3 2021 compared to the same period last year. That is highlighted in the State of Fintech Q3 report, recently published by Boston Consulting Group (BCG).
This increase continues to drive competition and the need for companies to take informed and swift action. Fintech trends are driven by two segments (payments products and accounts), with North America leading global investments.
“The fintech industry is booming not only in Colombia but globally. Fintech companies, for the last two years, have been growing at a significant rate, making them more attractive for sales and investors,” explained Marcial González, managing director, and partner at BCG.
In Colombia, not only has the number of companies grown but also the existing ones are consolidating more and more. According to the last two stages recorded by Fintech Innovation Radar Colombia 2020, 71% of the country’s fintech companies are in the growth and expansion phase.
Born2Invest mobile app makes it easy for you to keep informed, to intuitively move from story to story, and from section to section. Our clean design lets you read articles without clutter, and use the app with no limits on how many articles you can view. Download our companion app for free and stay informed with the latest business news in the world.
To date, 2021 investments have reached US$93 billion. This represents 90% of all 2020 investments
The total amount of funding in Q3 2021 is the highest in a quarter throughout 2021, totaling US$34.4 billion globally.
Megadeals (investment rounds equal to or greater than US$100 million) are more frequent and have driven the investment growth seen in 2021. The third quarter of 2021 alone saw 101 megadeals, totaling US$23 billion.
Payments and accounts, which each received more than US$7.5 billion in investments, accounted for 45% of all investments in the third quarter.
Regionally, the Americas continue to lead in total funding: US$56 billion in funding so far in 2021.
The Americas and EMEA (Europe, Middle East, and Africa) have seen the largest growth in total investments in 2021 compared to the same period in 2020, up 163% and 155%, respectively.
Asia Pacific has seen the largest increase in investments from Q2 2021 to Q3 2021, with US$7 billion raised in Q3 2021, representing 97% growth compared to Q2 2021.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Portafolio, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Boiron Enters the Medical Cannabis Business
Boiron is counting on cannabis to restore his health. The change was announced on the BFM Business TV channel. It's...
Tech Innovation Is about to Takeoff: Get Ready for It with XRApplied
While most of us grew up bearing witness to a tremendous pace of tech advancements, things seem to have stagnated...
Glen Invest, the Moroccan Investment Company Set Up in Casablanca
Glen Invest's priorities for the region are clear. They concern investments in the processing industry for mass consumer goods, "with...
Why Are Syncrude, Ledcor Group, and Ekati Mines So Excited about Triad Pro Innovators’ New EEL Diesel Hybrid Genset?
It's understandable if the words ‘diesel hybrid genset' don’t get your heart racing. But what if we throw in an...
New Strategy, New Brand: The Secret Re-Start of Exporo
According to information of Finanz-Szene.de, the strategy turn and the internal reorganization are also a consequence of difficulties, which Exporo...
Crypto2 weeks ago
Satispay and Young Platform Team Up to Simplify Cryptocurrency Purchases
Biotech2 weeks ago
Rethinking DMT: Algernon Pharmaceuticals’ Novel Approach to Stroke Treatment
Business2 weeks ago
Before the Metaverse: Augmented Reality in Education
Business2 weeks ago
High-Growth Investment Opportunities in the Metaverse: Here’s Where You’ll Find Them