- FNZ, a digitalisation company for institutional investment firms, completed 2022’s largest FinTech deal to date with huge $1.4bn funding round led by Motive Partners and CPP Investments. The funding round puts FNZ’s valuation at $20bn.
- PayTech companies have seen a huge stream of investment during February accounting for 30% of the companies on the list. Additionally, Luna Foundation Guard, a company creating a decentralised US dollar, and Polygon Technology, a crypto currency built on the Ethereum network, are also Blockchain payment systems which further cements the PayTech as the sector which attracted most interest from investors in February.
- Luna Foundation Guard is a nonprofit organization looking to create a truly decentralised economy. To do this they have built a stable coin called TerraUSD (“UST”), which is backed by arbitrage incentives, open market operations, and dynamic protocol levers that maintain robust peg stability rather than deposits of fiat.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global