According to a report released Wednesday by CB Insights and PwC, venture backed US fintech companies received about $3bn in funding in Q2 2018. Large rounds from Robinhood and Dataminr helped to propel the funding amount.
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Funding for US fintech startups rose 40% last quarter
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However, while investors were more willing to reach deeper into their coffers, the total number of fintech deals fell slightly, from 157 in the first quarter of this year to 142 in the second. Large rounds from free stock trading platform Robinhood Markets Inc. and analytics startup Dataminr Inc. helped boost the funding amount.
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