Toronto, ON (July 31, 2019) \u2013 Following a record year in deal volume and value, overall FinTech investment in the U.S. remained strong but dipped during H1 2019, reaching $18.3 billion across 470 deals, powered, in large part, by a strong first quarter of the year, according to KPMG\u2019s H1 2019 Pulse of FinTech report.<\/p>\n
The $6.9 billion buyout of business analytics firm Dun & Bradstreet by a consortium of investors was the top FinTech deal in the U.S. and globally during the first half of the year.<\/p>\n
M&A activity was particularly strong in the first half of 2019, accounting for five of the top deals in the U.S. (i.e. Investment Technology Group: $1 billion; CSI Enterprises: $600 million; PIEtech: $500 million; IQMS: $425 million; and Viteos Fund Services: $330 million).<\/p>\n
\u201cU.S. FinTech investment is strong this year, and with several large M&A deals announced, it\u2019s only going to grow,\u201d said Robert Ruark, Financial Services Strategy and FinTech leader, KPMG LLP. \u201cThe payments space continues to be hot, demonstrating there\u2019s plenty of long-term growth potential in the sector, including verticals like healthcare payments.\u201d<\/p>\n
FinTech -focused Venture Capital (VC) investment reached a record level in the U.S. during Q2\u201919, bolstered by $300 million funding rounds to Carta and Affirm.<\/p>\n
The report suggests that despite the dip in H1 2019, FinTech investment in the US is poised to see record-breaking highs in the second half of the year. Three massive M&A deals were announced in H1 2019, including Fiserv\u2019s acquisition of First Data ($22 billion), Fidelity\u2019s acquisition of Worldpay ($43 billion), and the merger of Global Payments with Total System Services ($21.5 billion). These deals, if they close in H2\u201919 as expected, could propel both the U.S. and global FinTech investment into new highs.<\/p>\n
InsurTech slows while WealthTech grows during the first half of 2019<\/strong><\/p>\n Investment in InsurTech saw a slowdown during the first half of the year, which could reflect the increased focus on consolidation in other parts of the insurance industry. The report suggests there should be renewed interest in the space once consolidation settles down. WealthTech gained traction during H1 2019 as companies worked to develop scale and product diversity.<\/p>\n Trends to watch in H2 2019<\/strong><\/p>\n The report says the payments space is expected to be a key area of focus for investors, along with B2B services. Security will also likely be a hot area, and online gaming could also see growth.<\/p>\n Access the Full Report<\/strong><\/p>\n The full report can be found at home.kpmg\/fintechpulse<\/a>.<\/p>\n About KPMG LLP<\/b><\/p>\n KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (\u201cKPMG International\u201d). KPMG International\u2019s independent member firms have 207,000 professionals in 153 countries and territories. Learn more at www.kpmg.com\/us<\/a>.<\/p>\n KPMG\u2019s The Pulse of Fintech<\/em> is a biannual report highlighting the key trends and activities within the fintech sector globally, in the U.S. and in key markets around the world.<\/p>\n About KPMG<\/b><\/p>\n KPMG is a global network of professional services firms providing innovative business solutions and audit, tax, and advisory services to many of the world\u2019s largest and most prestigious organizations. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative, a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. For more information, visit kpmg.ca<\/a>.<\/p>\n Source: KPMG LLP<\/em><\/p>\n Tags: FinTech<\/a>, KPMG<\/a>, Mergers & Acquisitions<\/a>, technology investment<\/a>, United States (USA)<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" $18.3 Billion Invested Across 470 Deals: KPMG Report The second half of this year could see record-breaking highs propelled by large M&A closings Toronto, ON (July 31, 2019) \u2013 Following a record year in...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16230"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16230"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16230\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}