GLOBAL investment in financial technology (fintech) firms more than doubled in the second quarter of the year, compared with the first quarter, to US$8.4bil (S$11.4bil) across 293 deals, KPMG said in a recent report.
Much of this was due to mergers and acquisitions, which accounted for US$5.9bil during the three months ended June 30. Venture capital funding for fintech firms declined slightly from the first quarter to about US$2.5bil.
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