Fintech interest and investment continued to be strong in the US, despite a dip in investment during H1’19. The $6.9 billion buyout of business analytics firm Dun & Bradstreet by a consortium of investors was the top fintech deal in the US, followed by the $1 billion acquisition of electronic brokerage and technology firm Investment Technology Group by Virtu Financial. On the VC front, three late-stage megadeals were also among the top US deals during H1’19, including a $500 million raise by SoFi, and $300 million raises by Carta and Affirm.
Trends to watch for in the US
In addition to the mega-billion M&A deals expected to close in H2’19, the US is well poised to see further growth in fintech investment over the next half-year. Payments is expected to remain a key area for investment, along with B2B services given their extensive value proposition. With the government enhancing its focus on potential risks to US infrastructure, security will also likely be a hot area of investment over the next half-year. Online gaming could also see some growth, with niche players cropping up in different locations as online gaming gains more legal standing.
Anton Ruddenklau
Global Head of Financial Services Innovation and Fintech
KPMG International
Judd Caplain
Former Global Head of Financial Services
KPMG International
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