$8 Billion Dollars by 2018: Blockchain & Fintech Explosion
It’s pretty clear that the global financial technologies (fintech) market is gaining a significant amount of traction. Worldwide investment into disruptive fintech is seeing an increase year-on-year. Investments in the space have increased three-fold between 2008 and 2014, reaching $3 billion, according to PwC, and . That is not the case in this region, where the government needs to be directly involved to push the ecosystem forward — and PwC notes that there exists continuous regulatory support to ensure the development of the fintech ecosystem.
Third, the access to capital. Start-ups and other players in the ecosystem can get access to funding through governments, venture capitalist funds, private equity shops, incubators, and accelerators. Over the past couple of years, this region has seen a multitude of events and government-driven programs (e.g. Hamdan Innovation Incubator, SeedStartup, In5) with the sole intention of accelerating start-ups. Currently, the
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