Fintech interest and investment continued to be strong in the US, despite a dip in investment during H1’19. The $6.9 billion buyout of business analytics firm Dun & Bradstreet by a consortium of investors was the top fintech deal in the US, followed by the $1 billion acquisition of electronic brokerage and technology firm Investment Technology Group by Virtu Financial. On the VC front, three late-stage megadeals were also among the top US deals during H1’19, including a $500 million raise by SoFi, and $300 million raises by Carta and Affirm.
In addition to the mega-billion M&A deals expected to close in H2’19, the US is well poised to see further growth in fintech investment over the next half-year. Payments is expected to remain a key area for investment, along with B2B services given their extensive value proposition. With the government enhancing its focus on potential risks to US infrastructure, security will also likely be a hot area of investment over the next half-year. Online gaming could also see some growth, with niche players cropping up in different locations as online gaming gains more legal standing.