Fintech funding rounds in 2020
Fintech funding rounds in 2020 Fintech funding, like all other sectors, suffered in 2020 because of the pandemic. The funding received by fintech companies decreased, although not by much. Still, there was some good news: the number of mega-rounds increased. North American Companies Brought In Half The Money Like the stock markets, funding started the year strong but then saw a slight dip in March that was quickly surpassed. Still, the overall funding of the fintech sector decreased, according to the preliminary data for the State of Fintech Report by CB Insights. According to the same source, the total amount of money raised by fintech companies last year was $41,914 million. With almost half of the money ($21,101 million), North America dominated, going towards firms from the US and Canada. Asia followed, with $10,359 million, or nearly one-quarter of the total funds, while European fintech firms received only $8,076 million. Still, fintech was the sector that managed to...