Note from the Publisher - WOW. This piece really says it all - fintech has just EXPLODED worldwide in the last few years. We saw this coming over a year ago and wanted to launch FintekNews in 2015, but it took us some time to find the right launch partners. Well, now we're in it, and right as it is breaking through in a big way. According to a Forbes piece, market valuation of fintech worldwide is approaching $1 TRILLION, and there are over 1,000 firms in the space to date. And it's just starting, folks.
"Atherton Research got an exclusive sneak peek at VBProfiles’ upcoming Fintech landscape report and it’s huge!
The San Francisco-based market intelligence platform, that tracks innovation, deal flow and news across the technology industry, found over 1,000 Fintech companies (startups and historical incumbents) which raised over $105 billion in total funding and worth nearly $870 billion in current value.
'One of the most striking data point that we found was that investments in Fintech more than doubled between 2014 and 2015, from $17.8 billion to more than $38 billion,' said Baptiste Parravicini, the head of marketing at VBProfiles. 'While investments in Fintech will probably remain at the 2015 level this year, it’s now happening on a global scale.'"
Read Full Article at Forbes