Fintech Deals in Q2 this year are on a rise compared to Q1 and an overall slow 2016, according to recent report by KPMG.

According to the latest KPMG Pulse report, the second quarter saw a total of $8.4 billion in global investment in fintechs, a number that is nearly double the amount in the corresponding quarter last year.

According to the report, there were a total of 293 investment deals around the world. Out of this number, 147 deals were in the U.S. Next in line was Europe with 90 deals, and then Asia with 51 deals.

When it comes to value, again, the U.S. made up for $5.6 billion of the $8.4 billion, mainly because of U.S. PE firm Vista Equity Partners’ $3.6 billion acquisition of Toronto-based payments company, DH Corp. Europe accounted for $2 billion, and Asia was at $760 million.

The report also shows an increase in private equity activity, which in turn has led to increased M&A in the space.

Read the full report here.