Australia saw over $1.4bn raised by fintech companies in the country in 2019 across 38 deals, a new record, thanks to rising numbers of funding rounds above $100m, according to data from the FinTech Global.
Of this total nearly three quarters (72.8 per cent) was invested in transactions valued at or above $100m while the amount invested in deals below $100m has remained fairly flat since 2017.
Last year’s record fundraising accounted for nearly half (47 per cent) of the total capital raised in the country over the past four years . Of the top 10 deals, one was raised in Q1 2019, one in Q2 2019, six in Q3 2019 and two in Q4 2019.
Please continue to read at source - https://www.altfi.com/article/6073_fintech-investment-in-australia-hits-new-high
Of this total nearly three quarters (72.8 per cent) was invested in transactions valued at or above $100m while the amount invested in deals below $100m has remained fairly flat since 2017.
Last year’s record fundraising accounted for nearly half (47 per cent) of the total capital raised in the country over the past four years . Of the top 10 deals, one was raised in Q1 2019, one in Q2 2019, six in Q3 2019 and two in Q4 2019.
Please continue to read at source - https://www.altfi.com/article/6073_fintech-investment-in-australia-hits-new-high
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