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China is Home to Six of the World’s Financial Technology “Unicorns”

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

 

About CBInsights

Our team comes to work every day to build technology that helps corporations guess less and win more. We aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace the three Gs (Google searches, gut instinct and guys with MBAs*) so they can answer massive strategic questions using probability not punditry.

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