According to Innovate Finance's "2018 FinTech VC Investment Landscape" report, the European blockchain and cryptocurrency industry witnessed a number of significant deals, but in particular, only four deals amounted to over $ 300 million.
Paxos provides blockchain solutions for financial institutions, including Bankchain, a settlement platform designed to transform post-trade operations across the capital markets. That raised $ 65 million in May.
Dfinity is a blockchain-based cloud computing project. It is registered as non-profit in Switzerland and runs research centers in California and Germany. Dfinity raised $ 65 million in August.
According to SEBA Crypto, SEBA seeks Crypto a bank that offers cryptocurrency services to companies and investors. It raised $ 1
The head office in San Francisco, but with offices in Europe, is developing Bitfury software and hardware solutions to help organizations and individuals move assets over blockchain and shut down $ 80 million in November.
Blockchain behind in the UK
Further analysis shows that fintech companies such as Revolut and N26 proved to be more popular than blockchain among investors. In fact, challenging banks raised about $ 461 million over 7 deals.
This was followed closely by companies working in human resources and wealth management ($ 333.61 million) and alternative loans and finance ($ 306.64 million).
Blockchain technology and cryptocurrency companies ranked much lower and raised $ 174.6 million in 23 deals.
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Throughout the world, fintech companies raised $ 36.6 billion from venture capital investors.
The sum spread over 2 304 contracts, representing an increase of 148% or 2.5x from 2017 and an increase of 329% or 4.3x over five years.
The investment ended in the second quarter when Ant Financial closed a $ 14 billion round – a record for both fintech and venture capital. Formerly known as Alipay, Ant Financial runs the world's largest mobile and online payment platform.
The main countries for fintech investment in 2018 were unchanged, with China, the United States and the United Kingdom claiming the top three places.
China led with $ 18.9 billion invested in 90 deals, driven by strong business by Ant Financial ($ 14 billion) and JD ($ 1.9 billion).
The United States turned out to be the most dynamic and mature market with $ 10.6 billion over 1,042 deals, an increase of 52% on invested capital year on year.
Britain followed third (top in Europe) with $ 1.7 billion invested in 261 deals.
Let's compare it with SEK 366 billion in fintech investment until the amount arose in the blockchain space through VC financing.
A report published by the blockchain research group Diar says that blockchain and cryptocurrency startups increased nearly $ 3.9 billion from VCs from Q1 to Q3 2018 – an increase of 280 percent over data from 2017.
Although VCs obviously Taking increased interest in blockchain and cryptocurrency startups, the information suggests that these companies still have a long way to go when it comes to competing with fintech companies.
Published February 12, 2019 – 15:30 UTC