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Ant Financial’s 2018 Deal Skewed First-Half Investment Data

Friday, Aug 23 2019
News
Written by  FinTech News Brief Staff
Ant Financial’s 2018 Deal Skewed First-Half Investment Data

Broadly, fintech venture investments across the world dropped in the first half of 2019, according to Accenture analysis of data from CB Insights. So reports the Finextra.

The total value of deals through June 30 was $22 billion, compared with $31.2 billion in the same stretch of 2018. According to the article, though, the drop was largely due to the lack of a deal commensurate with Ant Financial’s $14 billion fundraising round in May of 2018. In the U.S., the value of deals through June, this year, was up 60% to $12.7 billion.

Read the full article from Finextra.

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