Together with insurtech, Blockchain are the 2 hottest sectors in FinTech! Over the past few quarters, the number of money invested in blockchain companies has been increasing exponentially. Things were looking quite good in 2014, but 2015 has proven to be an even better year. In the first half of 2016, nearly as much money was invested in blockchain projects compared to all of 2015. At the same time, the number of funding rounds related to blockchain has been declining, albeit it seems 2016 will beat last year’s numbers as well.
An interesting shift is taking place in the world of Fintech funding right now. Even though the total amount of VC funding in Fintech is slowing down, the money flowing to blockchain companies continues to grow. Newer areas of financial technology are always a great source of innovation. Together with Insurtech, blockchain is now one of the leading investment sectors. Venture capitalists always want to explore the new and hot trends in any industry. For financial technology and services, those areas are Insurtech and blockchain right now. Or that seems to be the case when looking at money flowing into the fintech sector in general. Most people will recall Circle receiving US$60m in funding earlier this year, which helps boost the numbers.