According to a recent study by Accenture, investments in fintech hit $5.3 billion in the first quarter of this year (having grown 75 percent in 2015, exceeding $22 billion). These are staggering figures for a still nascent industry, which can have a monumental impact on all sectors, from lending and investments to savings and payments.
Hitherto, most of the investments have occurred in the U.S. and Europe, with a marked exception this year when China’s Ant Financial completed a staggering $4.5 billion raise at a $60 billion valuation, making it one of the highest-valued private companies in the world.
This recent raise may draw to emerging markets attention from the world beyond London, New York and Silicon Valley, which importantly house more than 90 percent of the world’s under-30 population. Countries other than the U.S. and U.K. have collectively spawned a range of visibly successful companies in search (Yandex, Baidu), e-commerce (Alibaba, Rocket Internet’s portfolio) and media (Naspers) by mostly applying tried and tested Western strategies to the local know-how.
Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?tag=Blockchain
http://www.scoop.it/t/luxembourg-europe/?tag=Bitcoin
http://www.scoop.it/t/21st-century-learning-and-teaching/?tag=blockchain
http://www.scoop.it/t/21st-century-learning-and-teaching/?tag=Fintech
Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?tag=Blockchain
http://www.scoop.it/t/luxembourg-europe/?tag=Bitcoin
http://www.scoop.it/t/21st-century-learning-and-teaching/?tag=blockchain
http://www.scoop.it/t/21st-century-learning-and-teaching/?tag=Fintech