(MENAFN) Investment in financial technology (fintech) firms around the world soared by 106 percent through last year to USD13.8 billion, Based on recent reports.
Apparently, 2015 was a year of mega rounds, with over 60 rounds of USD50 million or more invested last year alone, compared to just 15 throughout 2011-2013.
Nowadays, nearly every major process within banking and insurance is being targeted by fintech companies globally to enable them to serve their customers better or reduce costs.
However, the same provided data hints at the fact that we may have passed a peak for investment in the segment, rather than seeing it continue to spike in the current year.
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