TLDR:
- USA remains central hub for FinTech deals this week
- 370.7m raised in total over 22 deals
USA continued to solidify its position as the central hub for FinTech deals this week, with a total of 370.7m raised over 22 deals. Investors from Silicon Valley and across the country showed strong support for domestic firms, with 10 tranches taking place in the States. The UK followed with five deals, and a diverse range of countries, including Canada, Chile, Norway, and Australia, secured funding rounds. The top sectors for funding rounds were FinTech, RegTech, WealthTech, InsurTech, and CyberTech.
The top deal of the week was a $93m Series C funding round for British InsurTech innovator Vitesse, aiming for expansion in key markets, including the US. Turkish FinTech Colendi secured a $65m funding round led by Citi Ventures, showing significant growth potential. Other notable funding rounds included Cover Whale, SOCRadar, Majority, Ndustrial, Patronus AI, Osome, and Bolster. These deals ranged from $27.5m to $17m and targeted various sectors within the FinTech industry.
Overall, the article highlights the strong position of the USA in the global FinTech ecosystem, with diverse funding rounds and growing interest from investors across different sectors of the industry.
