Investment in financial technology companies around the world rocketed by 106% last year to $13.8 billion (£9.7 billion), according to a new report from KPMG and CB Insights.
The Pulse of Fintech report, published on Wednesday by consultants KPMG and venture capital information provider CB Insights, shows a huge surge of investment, topping multi-year highs.
The report says 2015 was a year of “mega rounds”, with over 60 rounds of $50 million (£35.2 million) or more invested last year alone, compared to just 15 between 2011 and 2013.
