Payments

$5.5+ Billion Worth of FinTech Investments in Seven Months (July 2015 to January 2016)

MEDICIFounder and Chief Strategy & Innovation Officer

The FinTech industry has always been in the eyes of VCs and investors. The already established FinTech players have started taking major steps in order to engage with emerging technologies. Cloud technology and open-source software have lowered the entry level barriers, thereby causing a rapid increase in the establishment of new startups. This revolution in technology and innovation is engaging investors with the FinTech Industry. In addition, the emerging and evergreen FinTech sectors like lending, bitcoin,blockchain, identity verification, loyalty & rewards, mPOS and cloud-based financial services are majorly attracting investors.

LTP analyzed the investments that were made in the FinTech Industry during July 2015 – January  2016. According to the analysis, more than $5.5+ billion of investments were made in the FinTech Industry during this period. The analysis also revealed that the majority of the funding raised by the companies was to expand their services globally.

The largest funding of $1 billion was raised by Sofi in its series E round; the investments were led by SoftBank Group and other investors, including Baseline Ventures, DCM Ventures, IVP, Renren Inc., Third Point Ventures and Wellington Management.

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Amit Goel

MEDICIFounder and Chief Strategy & Innovation Officer

“Amit Goel is the Founder & Chief Strategy & Innovation Officer for MEDICI. Amit’s vision is to build a strong FinTech market network that involves financial institutions, banks, startups, investors, analysts & other key stakeholders across the ecosystem – helping each one of them in a meaningful way by removing the asymmetry of information and providing a platform to engage & transact.\ \ Amit is passionate about bringing actionable FinTech-focused insights, innovative products & services for the FinTech ecosystem. Some of his work involves startup scores, bank scores/assessments, predictive viewpoints & other innovations that have helped MEDICI’s customers and the ecosystem. He has been named amongst the Top 100 FinTech thought leaders/influencers in the world & Top 10 in Asia multiple times by reputed agencies, consulting firms as well as financial institutions. Amit has built MEDICI (formerly LTP) as a new-age, tech-enabled advisory/research firm, which is now considered the #1 global research & innovation platform for FinTech in the world.\ \ Amit has been writing pioneering viewpoints on financial technology space that have been ahead of the curve since 2010. His data-driven predictions have helped the customers as well as the ecosystem. His past work experience includes a strong background in strategy & market analysis and advisory to clients (from big business houses to Fortune 500 firms) in payments, commerce, financial services & IT/technology. In the past, Amit had also founded a successful consulting & research practice called GrowthPraxis and has worked at Boston Analytics, Frost & Sullivan, and Daimler Chrysler in strategy & research.”