By Pete Settles
Fintech Investment in the U.S. remained strong but slowed in the first half of 2019, reaching $18.3 billion across 470 deals, powered, in large part, by a strong first quarter, according to KPMG’s newly released Pulse of Fintech report.
One of the report’s authors, Robert Ruark, KPMG’s fintech leader in the U.S., believes that fintech investment is set up for a strong second half of the year and could see record levels of investment, with several large M&A deals set to close.
Ruark expects that the payments space will continue to be hot, demonstrating there’s plenty of long-term growth potential in the sector, including verticals like healthcare payments.
“U.S. fintech investment is strong this year, and with several large M&A deals announced, it’s only going to grow,” said Ruark.
A few of the report’s highlights include:
If you would like to speak with Ruark to get more of his insights on fintech investment in the U.S., please contact Pete Settles @pgsettles or firstname.lastname@example.org.