April 2018 FinTech Funding – AI/ML, Remittance Topped the Charts

In April 2018, FinTech startups across the globe raised $2.18 billion worth of VC investments across 107 deals. In terms of MoM growth, in April 2018, global FinTech funding witnessed a significant decline of 37.5% from the $3.49 billion raised in March 2018. The US continued to dominate the funding charts with $883.5 million, which was 41% of the global FinTech funding (by value) in April. Hong Kong comes second with a 29% ($625 million) contribution, with UK, India, and China contributing 14.4% ($300 million), 4% ($96.8 million), and 3.6% ($79 million) respectively. AI/ML segment led the funding race in March 2018 with $613 million in funding across only two deals.