Fintech investment in Europe soared to US$58.1 billion in 2019
Total fintech investment in Europe skyrocketed in 2019, driven primarily by the $42.5 billion acquisition of payments processing company Worldpay by Fidelity National Information Services (FIS) in July. Flourishing innovation ecosystems in numerous European countries, the broadening scope of fintech offerings, and growing interest from global investors also helped spark investment.
Looking ahead to 2020, fintech investment is expected to remain robust in Europe, with maturing fintechs able to attract larger deals. Payments and digital banking will continue to be very hot areas of investment, while investment in areas like insurtech, regtech, B2B solutions, and wealthtech are expected to grow.
Take a look at our Pulse of Fintech H2'19 report for a deeper dive into the global and regional trends, and contact your local KPMG advisors to further discuss on what they mean for your business.
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