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Fintech funding reaches new high

Jan 10, 2019 - American Banker

Rising deal activity involving fintechs hit a new record in 2018, jumping 38% year over year to nearly $11 billion.

Efforts to build better connections to bank customer data, trade digital currency and explore artificial intelligence for security and compliance purposes were some of the biggest draws of fundraising for U.S. startups. Other established players, such as Plaid Technologies and Coinbase, were among 184 U.S. firms that raised $100 million or more in funding rounds in 2018, acco...