Posts Tagged ‘statistics’

A snapshot of Singapore’s fintech scene

Singapore is often hailed as the hub for fintech in Southeast Asia. Tech in Asia offers a snapshot of its fast-growing financial tech scene. View the infographics

How long does it take to become a unicorn?

Globally there are now 241 unicorn companies in existence – and combined they’re worth a staggering $818bn. New research from Compare the Market has found that on average it has taken seven years from launch to grow these companies into unicorns. However 19 made it to $1bn in less than a year – an incredible […]

KPMG finds few firms have fintech strategy

Only 13 per cent of attendees at KPMG in Bermuda’s Fintech Summit last month said their company had a fintech strategy in place. However, another 46 per cent said they had a fintech strategy in development and 96 per cent believed fintech would impact their industry within the next three years. Those were some of […]

Cryptocurrency markets are juicy targets for hackers: Timeline

Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb suffered a hack that saw about US$32 million worth of coins stolen. Boosters still present a bullish picture about the future of digital assets. But the more than US$1 billion in thefts – most of which are unsolved – is becoming a growing […]

Chinese Official Says Blockchain Projects Globally Had Average Life Span Of 1.22 Years

For the over 80,000 blockchain projects ever launched globally, only 8% are still being actively maintained and the average life span is only around 1.22 years, says an official at the China Academy of Information and Communications Technology (CAICT). “(These projects) came out very quickly, but die quickly as well,” He Baohong, the director of Cloud […]

Fintech most popular sector for HNW investors: report

Analysis of the preferences of the registered investors of Capitama, which includes more than 300 individuals, family offices, PE firms and investment offices has indicated that fintech and technology investment opportunities more generally are the two most popular sectors among investors. 69% of Capitama investors are interested in fintech investment opportunities and 67% want to see […]

Study of 151 Chinese unicorns shows Beijing #1 city for startups

Most Chinese unicorns are located in large Tier 1 cities. Beijing is the outstanding leader with 66 unicorn companies, followed by Shanghai (with “only” 38 of them).  The most common industry in which Chinese unicorn companies operate is Internet services, followed by e-commerce and online finance. A significant amount of unicorns are young companies: 35% of them […]

New record as fintech funding hit $5.4bn globally in Q1

Fintech funding continues to rise and rise as an investment class with $5.4bn across 323 deals was raised globally in Q1 of 2018. According to CB Insights’ Global Fintech Report Q1 2018, global fintech activity hit a new record during the quarter. The US saw the largest boost in deals while Europe saw fintech deal activity […]

In Q1 2018, FinTech Startups Raise Record Amounts While Deal Counts Fall

Since 2016, more than $15.6 billion has been invested in seed, early, and late-stage U.S.-based FinTech startups. 2017 accounts for more than $7 billion of that total. Total dollar volume saw an increase of 25 percent year over year from 2016 to 2017. According to Crunchbase data, known dollar volume has grown by approximately 92 percent […]