DH Corp buyout drives Americas fintech growth in Q2: KPMG
Dollars invested in the global financial technology sector more than doubled quarter over quarter in Q2 2017 to US$8.4 billion, according to a report by KPMG. The KPMG Pulse of Fintech report found M&A deal-making led global trends in this period with US$5.9 billion in deal value, while venture capital investment activity declined slightly at just over US$2.5 billion. In the Americas region, a single deal, the acquisition of Toronto's DH Corp by Vista Equity Partners, accounted for more than half the total fintech funding in the second quarter. This deal aside, most fintech investment was located in the United States and Europe.
1 August 2017•6 mins read
