Global investment in fintech sees all-time high in 2017, says report

India's digital payments start-up Paytm received $1.4 billion in venture capital, helping drive fintech fundraising activity to nearly five times the 2016 levels

Global investment in financial technology (fintech) ventures reached another all-time high in 2017, buoyed by a surge in funding for start-ups in the United States, United Kingdom and India, according to Accenture analysis of data from CB Insights, a global venture-finance data and analytics firm. Fintech financing rose 18 per cent in 2017, to $27.4 billion, with the value of deals in the US. jumping 31 per cent, to $11.3 billion. Deal values almost quadrupled in the UK, to $3.4 billion, and soared nearly fivefold in India, to $2.4 billion. The number of fintech deals also rose sharply, from just