Fintech companies raised a total of $31b in 2017, favorable to the $25b raised in 2016 but well below the record $47b raised in 2015.  Insurtech and blockchain startups saw the largest increases. Geographically, the US saw almost half of the 2017 global total, with $15.2 billion raised for the year. M&A accounted for the majority of this funding, with US$8.7 billion in deals in 2017.