Note from the CEO: Well, we admit the FintekNews team is really confused (not that hard actually) with this article saying VC fintech funding has dipped sharply in the second quarter. Scratching our heads since we just ran another article today saying spending was UP. Getting tricky out there in the number manipulation world.
“Over the past few years, there has been a significant growth in VC funding for the fintech sector. Bitcoin and blockchain companies have seen their fair share of investment capital as well. But a new study by CB Insights seems to indicate the VC funding space is hitting the proverbial glass ceiling. Concerns over high valuations and a lack of IPO exits are cause of grave concern.
Quarterly reports on VC funding are always a mixture of highs and lows. But in the Fintech sector as a whole, things are looking rather bleak for the time being. While US$2.5bn was raised by VC-backed Fintech companies in Q2 of 2016, this number is half of the amount raised in the same period last year.”