There has been a continued shift in the centre of gravity of global RegTech deal activity since 2014. North America has dominated with 516 transactions completed during the period; however, the region has seen its share of total deals drop from 75.3% in 2013 to just over half of all deals 2018.
Europe has more than doubled its share of deals over the same period from 15.7% to 34.1%, while other regions, notably Asia, have increased their share from 9% in 2013 to 34.8% in 2018.
Prior to 2016, the ‘Other’ category was defined purely by Israel, Australasia and Asia, however South America entered the race, with three transactions completed each year since 2016. New initiatives from regulatory authorities in the Middle East and the rise of RegTech deals in Australia and Brazil have driven deal activity in other parts of the world. Idwall, an Onboarding Verification solution provider based in Sao Paulo, raised a $3m Series A round in Q1 2018. Funding came from Monashees, a Brazilian venture capital firm, and Idwall is planning on tripling its headcount to 120 by the end of 2018.
Copyright © 2018 RegTech Analyst
