2016 is turning out to be a promising year for fintech startups, with fundraising to date exceeding last year's by 36%. This is largely driven by the step-up in Asian FinTech.
The sector will exceed last year’s total by 36 percent if companies continue to raise money at the same rate as in the first quarter, according to a new report from KPMG International and CB Insights. China-based Lu.com and JD Finance both inked deals worth $1 billion or above, while Oscar Health Insurance's $400 million and robo-advisor Betterment LLC's $100 million funding round helped push the tally higher following what proved to be a tough end to 2015.
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