Barnaby Robson

Andrew Huang’s articles from KPMG are most popular: within Technology topic(s) in China KPMG are most popular: within Technology, Food, Drugs, Healthcare, Life Sciences and Employment and HR topic(s) with readers working within the Accounting & Consultancy, Insurance and Law Firm industries Global fintech funding in H2'25 recorded $56.3B with 2,169 deals.

Acquisitions can be considered a potent lever for strategic growth, and companies are spending more per mergers and acquisitions (M&A) deal than ever before1. Yet, capturing sustainable value from M&A can be as challenging as ever. This report examines value creation in public company mergers and acquisitions by analysing total shareholder return (TSR) relative to the relevant index (e.g. S&P) — a market-adjusted metric that isolates deal performance from broader sector trends.

While many fintech investors were cautiously optimistic heading into 2025, the combination of headwinds from ongoing geopolitical tensions and rapidly evolving concerns over tariffs and trade policies saw many investors continuing to hold back from making large deals except in a few hot areas like digital assets and currencies and AI. During H1'25, the fintech market globally attracted $44.7 billion across 2,216 deals — down from $54.2 billion across 2,376 deals in H2'24.