Quarterly WealthTech investment retreated from a high at the end of last year, but still surpassed the levels of Q1 2016 in both total investment and number of deals.
- Q1 2017 investment figures show positive signs for WealthTech growth, with both total investment and total deals growing 15.3% and 47.7% year-on-year, respectively.
- Q4 2016 was the biggest quarter in the period with $753.5m invested, while Q2 2016 attracted the most deals with 84 transactions.
- The strong first quarter of the year was driven by a $102m investment into UK-based Atom Bank in early March. The next biggest deal went to deposit marketplace, Raisin, which scooped $32.3m back in January.
2017 set to be a strong year for Europe after first quarter sees record investment for the region
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The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies in WealthTech as well as across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2017 FinTech Global