Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

GlobalData : India overtakes China to emerge as hotbed for fintech startup investments in Q1 2020, says GlobalData

share with twitter share with LinkedIn share with facebook
share via e-mail
05/21/2020 | 11:27pm EDT
22 May 2020
India overtakes China to emerge as hotbed for fintech startup investments in Q1 2020, says GlobalData
Posted in Disruptor

China's fintech startup ecosystem survived as the breeding ground for venture capitalists (VC) over the last two years despite India marginally surpassing in the third quarter (Q3) of 2019. However, in the first quarter (Q1) of 2020, the trend reversed with Indian fintech startups outpacing their Chinese counterparts in terms of both deal value and volume, says GlobalData, a leading data and analytics company.

Ayushi Tandon, Fintech Analyst at GlobalData, comments: 'The global economic turmoil caused by the COVID-19 pandemic has diminished the investment appetite for fintech startups so far in 2020. In Asia, though there is an overall pullback in VC funding of fintech startups in Q1 2020, India grabbed the top spot as China was hit by the pandemic-induced economic recession.'

An analysis of Deals Database of GlobalData's Disruptor Intelligence Center discloses that the Indian fintech startups attracted VC investments of more than US$330m in Q1 2020 against China's approximately US$270m. In terms of deal volume too, the number of VC investments in India stood at 37 while China managed to close only 26 deals.

Seed funding of fintech startups accounted for the majority of the investment deals in India while China has shifted its bet from seed-stage fintech startups to scaling stages. Startups in the payments and lending sectors led the number of investments in India, whereas China's deals were more in cross-sector fintech startups. Fintech startups in the analytics tech area represented the highest number of deals in India as well as China.

Tandon concludes: 'Though fintech startups in China are the first to be hit by the implications of COVID-19, the snowball effect rapidly spread to other countries including India. While there is no vaccine or an approved drug to kill the virus yet, the future of VC funding in fintech startups seems to be gloomy at this point not only in China and India but also worldwide.'

Disclaimer

GlobalData plc published this content on 22 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2020 03:26:01 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on GLOBALDATA PLC
06/05GLOBALDATA : France will aid its aerospace industry to preserve its export compe..
AQ
06/05GLOBALDATA : Lasting effects of COVID-19 will force Airbus to take more producti..
AQ
06/05GLOBALDATA : ITC strengthens FMCG portfolio with NimWash Vegetable and Fruit was..
PU
06/04GLOBALDATA : E-commerce sales in Singapore to accelerate further due to COVID-19..
PU
06/04GLOBALDATA : Construction projects schedules are getting delayed due to COVID-19..
PU
06/03GLOBALDATA : reveals top 10 electric vehicles influencers on Twitter in Q1 2020
PU
06/02GLOBALDATA : New ICAO guidelines could keep wide-body aircrafts grounded in post..
AQ
06/02Embraer will need state help to survive COVID-19 crisis, says GlobalData
AQ
06/02GLOBALDATA : As Europe's auto industry re-opens for business, May markets exceed..
PU
06/02GLOBALDATA : ITC and Amway India collaborate to create health halo as COVID-19 c..
PU
More news
Financials
Sales 2020 186 M 236 M 236 M
Net income 2020 23,0 M 29,1 M 29,1 M
Net Debt 2020 35,1 M 44,4 M 44,4 M
P/E ratio 2020 80,6x
Yield 2020 1,17%
Capitalization 1 711 M 2 176 M 2 167 M
EV / Sales 2019
EV / Sales 2020 9,37x
Nbr of Employees 3 355
Free-Float 26,0%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 1 200,00 GBp
Last Close Price 1 450,00 GBp
Spread / Highest target -17,2%
Spread / Average Target -17,2%
Spread / Lowest Target -17,2%
EPS Revisions
Managers
NameTitle
Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBALDATA PLC12.40%2 176
S&P GLOBAL INC.22.09%80 309
RELX PLC0.21%46 742
THOMSON REUTERS CORPORATION1.43%35 290
EQUIFAX INC.26.01%21 486
WOLTERS KLUWER4.21%20 291