The number of global fintech investments reached a record high in 2021, with a year-on-year growth of 51%

2022-06-17 0 By

According to the Yonhap News Agency on February 17, KPMG, the world’s leading accounting firm, released its fintech Trends Report 2021 on February 17. According to the report, the number of global fintech investments in 2021 reached 5,684, up 51 percent from 3,764 in 2020, and the amount of investment reached 210.1 billion DOLLARS, up 68 percent from the same period last year.Among them, the investment amount is the largest field in the B2B payment settlement after, amount to 51.7 billion dollars, block areas of the chain and virtual assets for $30.2 billion, up 449% from a year earlier, the quantity of investment reached 1332, up 43% from a year earlier, other areas, such as network security for $4.8 billion, asset management, for $1.6 billion, are a record high.According to the report, there is a growing awareness of the potential role of virtual assets and related technologies in the financial system.Venture capital investment (VC) in fintech reached $114.9 billion in 2021, more than doubling year-on-year.According to the report, THE Bank of Korea and TOSS led the list with 1.1 billion dollars and 410 million dollars, respectively, in the Asia-Pacific region.Cho Jae-park, managing director of FINANCIAL technology at KPMG, stressed that despite the COVID-19 pandemic, global investment in financial technology is very enthusiastic and will continue to grow in the future as financial and non-financial partnerships, mergers and acquisitions of payment and settlement system and platform companies, and expectations for blockchain technology.