Despite total global investment in fintech and the total number of fintech deals falling between H2’21 and H1’22, APAC investment soared to a record $41.8billion during the first half of 2022 from $19.2billion recorded in second half of 2021.
According to the latest edition of KPMG‘s Pulse of Fintech, Asia-Pacific’s record figures were driven almost entirely by three large M&A transactions: the $27.9billion acquisition of Australia-based Afterpay by Block, the $2.1billion buyout of Japan-based Yayoi by KKR, and the $1billion merger of Australia-based fintechs Superhero and Swiftx.
