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Fintech VC Backing Dipped 13 Percent in 2016, Mirroring Rest of Tech

The final numbers on 2016 fintech funding deals are in from New York-based research firm and investment database CB Insights, and venture capitalists seem to be cooling on the industry.

According to a report released today, financial technology companies around the world attracted $12.7 billion in venture capital across 836 investments last year. That is down 13 percent from a peak in 2015, when global fintech investment soared to $14.6 billion.

The numbers are in rough agreement with the slowdown or “normalization” in overall venture funding activity in 2016, according to several reports.

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