The report shows that the numbers were 900 percent higher compared to $500 million invested in 2016. In fact, SoftBank launched a $5 billion worth Latin America venture fund called the Softbank Innovation Fund last year.

Masayoshi Son, chairman, and CEO of SoftBank, in a statement, “Latin America is on the cusp of becoming one of the most important economic regions in the world, and we anticipate significant growth in the decades ahead.”

It is clear that startups in the region have continued to attract international investors and venture capitalists. During the ongoing pandemic, Alphacredit, Frubana, and CargoX raised significant funds to support their growth and expansion. Alphacredit is based in Mexico, while Frubana and CargoX are from Colombia and Brazil. The highlight of these startups is that they target markets that are expanding on the back of the Cover-19 pandemic.

It appears that transactions are surging in Brazil. In 2019, the country is leading with 54 percent of venture capital investment dollars compared to 55.9 percent in the previous year. Mexico followed second with 222  startup investments reaching $2.49 billion and Columbia saw 100 startup investments totaling $649 million. In particular, Brazil has marked an outstanding achievement in the last two years.

Recently Brazil’s largest lender Nubank pledged a $3.8 million fund to support clients fight against the pandemic. Currently, Nubank has over 20 million clients in Brazil and Mexico.

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Divyesh Vithlani, managing director at Accenture and head of financial services in the Asean region, told the media that, “As we’ve seen in other parts of the world, fundraising is shifting to support the scaling up of challenger and collaborative fintech, which will cause lumpiness in some rounds as the market becomes more mature.” 

Angel and seed funding largely focused on raising early stage capital for startups increased 66 percent to $442 million. That said, the number of fintech deals almost remained stable in the first nine months of 2018. 

Investments in payment startups represent 34 percent of fundraising in Singapore fintech startups. Meanwhile, the lending segment accounted for 20 percent and insurtechs covered 17 percent of the fintech investment in Singapore. 

This year, the number of payment deals doubled to $251 million from $117.5 million. It has made the biggest contribution to the sector this year, according to Accenture report. 

Accenture has closely worked with the Monetary Authority of Singapore to study fintech investment, global venture finance data and analytics. The investment data was supported with insights from 2015 through the first nine months of 2019.

A previous Accenture report showed that fintech investments in Singapore quadrupled to $453 million in the first half of 2019, compared to $118 million in the same period last year. 

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Disrupt Africa’s data report on tech investments is released for the third consecutive year. The growing rate increased to 159 startups and the funds went up 51% on 2016 investments.

Gabriella Mulligan, co-founder of Disrupt Africa, said, “We’re very excited to present this data on what has been a record-breaking year for African tech startups. More startups were given more funding than ever before, and the number of multi-million dollar rounds also shot up. There can be no clearer validation of the quality of innovation and businesses being built from within Africa.”

South Africa, Nigeria and Kenya are listed as top tech investor destinations in 2017. The categories for high ranking include number of deals and overall funding amount. Investor interest around the three destinations have significantly improved. Even Ghana, Egypt and Uganda are emerging to become the next startup-investor regions.

Tom Jackson, co-founder of Disrupt Africa said the ability to report record investment figures is inspiring as ‘funding for African tech startups close on US$200mn.

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