Overall fintech investment in the Americas dropped sharply in the first half of 2020, driven by a lack of large M&A deals, the result of COVID-19.
But according to the H1’2020 Pulse of Fintech report, Venture Capital (VC) investment remained strong with $8.6 billion in the U.S. and a total of $12.9 billion for the Americas, on pace to exceed the 2019 record.
The U.S. also had five of the top 10 global deals, as U.S. investors looked to fintech companies for growth opportunities. The payments and challenger bank spaces were the hottest sectors for VC investment, with Stripe raising $850 million and Chime raising $700 million.
About the Pulse Series
The Pulse Series of reports—Venture Pulse and the Pulse of Fintech—analyze the latest global and regional investment trends and insights. Included in the reports we provide perspectives and analyses on the lifecycle of venture capital investments as well as overall fintech investment across the Americas, Europe, and Asia. In each report, we share the latest valuations, financing, deal sizes, mergers & acquisitions, exits, corporate investment, and industry trends.