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1、ThePulseofFintech2018Biannualglobalanalysisofinvestmentinfintech31July2018WelcomemessageWelcometothelatesteditionofthePulseofFintech—abiannualreporthighlightingkeyactivitiesandtrendswithinthefintechmarketgloballyandinkeyregionsaroundtheworld.Theyear2018s
2、tartedwithabangforthefintechmarket,withoverallinvestmentacrossventurecapital(VC),privateequity(PE)andmergersandacquisitions(M&A)dealsatmid-yearalreadywellabove2017’stotalinvestmentresults.Thesharpincreaseinactivitywasdriveninpartbytwomassivedeals:thereco
3、rd-setting$14billionraisebyAntFinancialduringQ2’18andVantiv’sacquisitionofWorldPayinQ1’18for$12.9billion.Notwithstandingthetwooutlierdeals,fintechmarketactivityworldwidegainedmomentumduringthefirsthalfoftheyearasthegeographicdiversityandreachoffintechinv
4、estmentcontinuedtoexpand.Brazil,forexample,gainedsomeprominenceearlierthisyearasNubankjoinedthefintechunicornclub.France,Switzerland,SouthKoreaandJapanalsosawsignificantfintechdeals—extendinginvestmentwellbeyondtraditionalfintechleadersliketheUS,UK,China
5、andIndia.Inthemorematurefintechareasofpaymentsandlending,dominantmarketplayerscontinuedtoemergeoverthefirst6monthsof2018,attractinglargerandlargerdealsizes.Meanwhile,abroaderrangeofcompaniesfocusedonnewerareasoffintechinnovation,suchasartificialintellige
6、nce(AI)anddataanalytics,alsoattractedattentionfromfintechinvestors.Regulatoryissueshavebeenahotbuttontopicforcorporateandotherfintechinvestorssofarthisyear,particularlyinEurope,asaresultoftheimplementationofPaymentServicesDirective2(PSD2)andGeneralDataPr
7、otectionRegulation(GDPR).Theincreasingfocusonmanagingregulatoryrequirementsandcompliancecontributedtoanincreaseinfundingforregtechcompanies.Injust6months,VCfundingtoregtechcompanieshasalreadyexceededregtechfundingraisedduringallof2017.Weexaminethesetrend
8、sandotherissuesinthiseditionofthePulseofFintechaswellasdelvingintoanumberofquestionsdrivinginterestinthefintechmarkettoday,including:―Howisthefintechmarketmaturinganddiversifying?―WhyisAsiabecomingastandoutregionintermsoff