China is Home to Six of the World’s Financial Technology “Unicorns”
The funding raised by venture capital backed financial technology start ups in Asia hit a record US$5.4 billion. This was an increase from US$4.8 billion in 2015 and is now almost the same as the US$ 5.5 billion funding raised by United States venture capital backed fintech start ups.
“According to venture capital research firm CBInsights, Asia has now attributed to almost 20% of such deals world wide and 43% of global funding in 2016.”
~ South China Morning Post
According to venture capital research firm CBInsights, Asia has now attributed to almost 20% of such deals world wide and 43% of global funding in 2016. In 2016, China is home to six of the 22 venture capital backed fintech “unicorns” otherwise known as start-ups valued at US$1 billion or more.
Related Report: South China Morning Post
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