Technology

Asian fintech funding could fall to lowest levels in over four years, says CB Insights, as trade war crimps China deals



Fintech funding in Asia could fall to its lowest level in more than four years despite a pickup in venture-capital backing driven by China in the third quarter, according to a new report by CB Insights, a global venture-finance data and analytics firm.In the first nine months of 2019, there were 395 financial technology deals worth US$4.1 billion in Asia, with US$1.8 billion raised in the third quarter, the report said.That is a long way short of the US$22.9 billion raised in the region last…



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