Jul 31, 2021
Last year, ICICI Securities joined hands with NSRCEL, by contributing its CSR funds to support promising startups in the fintech space through a structured program. Over 240 fintechs from all over the country applied for the programme. For a pre-incubation program, 25 firms were shortlisted, of which 10 underwent an intensive nine-month incubation journey. Today’s programme formally concluded the programme.
The success of the programme could be judged from the fact that during the last nine months even as they were undergoing the incubation programme, the 10 select fintech startups have cumulatively raised Rs 25 crore as VC/angel funding.
“These endeavours are crucial at this juncture to leverage benefits from the myriad opportunities available to make Fintech founders future-ready and generate more employment opportunities. By focusing on a particular area with support from highly qualified faculty, talented learners, and industry luminaries, we can create a much
Covid-19 catalysing the growth of RegTech in the APAC region: Report
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Covid-19 catalysing the rapid growth of Asia Pacific regtech sector
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Irish fintechs secured $400m in transactions and investment in 2020
Written by Robert McHugh, on 12th Mar 2021. Posted in Technology
The Irish fintech industry secured $68.6 million in M&A, venture capital and private equity transactions across ten deals in the second half of 2020, according to the latest KPMG Pulse of Fintech for the second half of last year, a bi-annual report tracking global fintech VC, PE & M&A investment trends.
The investment secured in the second half of last year falls below H2 totals in previous years, of $104.8 and $97.9 in 2019 and 2018 respectively. It follows a record start to 2020, where $328.6 million was secured by Irish companies in VC, PE and M&A, dominated by the landmark $162 million acquisition of Irish-founded Prepaid Financial Services by Australia’s EML Payments, which was the largest strategic M&A deal of fintech globally in the first half of 2020.
Updated / Wednesday, 3 Feb 2021
09:59
$970m was invested in 226 deals involving Irish companies last year, up from $561m across 242 deals in 2019
Irish companies secured the second highest level of venture capital investment on record in 2020, the latest KPMG Venture Pulse reports shows.
KPMG said that a total of $970m was invested in 226 deals involving Irish companies, up from $561m across 242 deals in 2019.
It noted that the investment levels for 2020 are the second highest on record and come after $1.305.2 billion was invested in Irish companies in 2018.
Today s report shows that venture capital activity in Ireland rebounded in the fourth quarter of 2020, with $422.6m invested in 27 deals involving Irish companies. This marked an increase from the $118.2m invested in the third quarter of last year.