Irish fintech sector sees record investment during pandemic

Although many sectors saw investment slow in the early months of the Covid-19 pandemic, the Irish fintech industry saw a record period of activity with $328.6m in transactions recorded in the first half of 2020.

On Monday (7 September), KPMG released its latest pulse report on the Irish fintech industry, focusing on the first half of 2020.

The professional services firm publishes its Pulse of Fintech report twice a year, tracking global fintech venture capital (VC), private equity (PE), and merger and acquisition (M&A) investment trends.

According to KPMG’s latest report, Ireland’s fintech industry saw a record period of activity in the first half of 2020, with $328.6m recorded in VC, PE and M&A transactions across eight deals.

The report noted that the volume of deals has declined from the same period last year, which saw 14 deals take place, however the value of the deals recorded so far this year is more than double the total for all of 2019, where $155.6m was recorded across 26 deals.

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Source: Irish fintech sector sees record investment during pandemic