March 2, 2016
January 2016 was extraordinarily fruitful for FinTech as it fueled the industry with an extra $7 billion. As the second month of 2016 has come to an end, let’s look at how February has treated FinTech around the world so far.
According to Financial Technology Partners (an investment bank focused on FinTech), February 2016 counted 116 financing deals in FinTech with a total of $1.4 billion being poured into FinTech companies across segments. The number is significantly lower than in January but it is an extra billion and a half into FinTech’s pocket.
Let’s take a closer look at the structure of this $1.4 billion raised by 92 companies (as 14 companies didn’t report the funds raised). The funding would have probab ...