News Digest:

Total global funding for fintechs soared from $125bn in 2020 to $210bn last year, with the number of deals rising from 3,674 to an all-time high of 5,684, the latest edition of the “Pulse of Fintech” report published by KPMG shows.

Takeaway:

Payments accounted for 24.6% of the total fintech funding in 2021, registering a 77.6% increase in financing, from $29.1bn to $51.7bn, the report said, adding that financing of blockchain and crypto firms jumped 449% – from $5.5bn to $30.2bn in 2021.

End Notes

Source: https://www.business-standard.com/article/economy-policy/global-fintech-investment-tops-210-bn-in-2021-india-shines-report-122020800637_1.html#:~:text=Global%20fintech%20investment%20tops%20%24210%20bn%20in%202021%2C%20India%20shines%3A%20Report,-IANS%20%7C%20New%20Delhi&text=Total%20global%20fintech%20funding%20(across,new%20report%20showed%20on%20Tuesday.