In Q3 2020, FinTechs worldwide raised $12.15 billion in investments from 716 deals with a 16% QoQ decrease in total funding raised compared to Q2 2020. FinTech startups were able to raise $10.47 billion in funding in Q2 2020 from 568 deals. In terms of the number of deals, there was a growth of 26% QoQ in Q3 2020 compared to Q2 2019. It’s interesting to note that the funding for FinTechs in Q1 2020 was majorly dominated by the top six segments in this quarter.
The Americas dominated the funding chart with $7.85 billion in funding raised from 340 deals, which happens to be 64.7% of the global FinTech funding in Q3 2020. Europe came in at a distant second with $2.90 billion in funding from 216 deals. In Asia, FinTech startups managed to raise $1.35 billion from 133 deals.