Global RegTech deals over the past five years have predominantly taken place in either technology centres of innovation or major financial services hubs.
Silicon Valley (incorporating San Francisco, Palo Alto, Mountain View and Redwood) and London are the leading ‘cities’ in terms of RegTech investments with 109 deals completed each since the beginning of 2014 and over $623.9m raised across these transactions in London and over $2bn in Silicon Valley.
New York comes in behind with 72 deals, followed by Chicago with 21, Tel Aviv with 19 and Boston with 17. US cities occupy six of the top ten cities for RegTech deals. London and Dublin are the only European cities to make the top ten ranking.
Singapore and Tel Aviv are the only cities from outside Europe and North America to appear in the top 10. CashShield, a Risk Management and fraudulent payments monitoring solutions provider, raised a $20m Series B round in Q2 2018. This funding was led by Temasek holdings and GGV Capital and is the largest RegTech deal in Singapore to date.
Copyright © 2018 RegTech Analyst
