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1、State of FintechGlobal|Q3 2024Global data and analysis on dealmaking,funding,and exits by private market fintech companiesState of Fintech2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that drive gr

2、owth,improve operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialState of Fintech3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you could be featured in

3、the CBI newsletter.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataSign up for a free trialTLDR$7.3BGlobal fintech funding.Down 25%QoQ.While funding tumbled quarter-over-quarter(QoQ),the drop wasnt as severe as it looks.The prior quarters level was propped up by$1.3B worth of fundi

4、ng to Stripe and AlphaSense.Excluding these rounds,the decline from Q224 to Q324 would have been 13%.See the data 4$12.7MAverage deal size this year.Despite deal volume declining,average deal size has remained roughly flat YTD,at$12.7M,compared to$13.2M for full-year 2023.This suggests dealmakers ha

5、ve narrowed their focus to fewer,higher-dollar bets.See the data-16%Drop in total fintech deal volume to a recent low.Total deals for fintechscontinued to decline,falling 16%from 892 in Q2 to 753 in Q3.This marks the lowest quarterly level since 2017.For comparison,fintech deal volume clocked in at

6、nearly 1,500 two years ago,in Q322 roughly double where it stands now.See the data 52%Of top early-stage deals are in less-crowded geos.Just over half of the top early-stage(seed&Series A)deals occurred in financial services markets outside the US and UK in countries like France,India,Italy,and Keny

7、a.Less-crowded markets like these offer more room for early-stage fintechs to find niches and grow their client bases.See the data 67%Increase in funding for wealth tech.Wealth tech funding increased the most of any fintech sector,from$0.6B in Q2 to$1B in Q3.This was fueled by 2 substantial deals:a$

8、242M Series F for turnkey retirement plan provider Human Interest;and a$200M Series B for Earned Wealth,a digital wealth manager targeting medical professionals.See the data Your rundown onfintech in Q324State of FintechContentsGlobal Trends6Investment Trends7Unicorns30Exit Trends36Investors42Collec

9、tion Spotlights46Payments47Banking56Digital Lending65Wealth Tech74Insurtech83Capital Markets Tech92Geographic Trends101US102Silicon Valley108New York112Asia116India122Singapore126Japan130Europe134United Kingdom140France144LatAm148Brazil154Africa158Oceania1645State of FintechGlobal Trends6Investment

10、Trends7Annual equity funding&deals8State of Fintech|Global Trends|Investment Trends$54.4B$143.8B$80.7B$41.5BFunding$24.6B4,2586,6146,5154,248Deals2,67101,0002,0003,0004,0005,0006,0007,0008,000$0.0B$20.0B$40.0B$60.0B$80.0B$100.0B$120.0B$140.0B$160.0B20202021202220232024YTDQuarterly equity funding&dea

11、ls9State of Fintech|Global Trends|Investment Trends$13.2B$13.2B$13.7B$14.2B$30.2B$38.2B$36.9B$38.4B$32.7B$22.5B$14.2B$11.3B$16.2B$8.5B$7.9B$8.9B$7.6B$9.7BFunding$7.3B1,1149051,0191,2201,6221,5641,6971,7312,1061,6271,4981,2841,3491,0779648581,026892Deals75305001,0001,5002,000$0.0B$5.0B$10.0B$15.0B$20

12、.0B$25.0B$30.0B$35.0B$40.0B$45.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202410State of Fintech|Global Trends|Investment TrendsUS$3.5B294 DealsAsia$1.4B175 DealsEurope$1.5B163 DealsLatAm$0.4B56 DealsAfrica$0.3B21 DealsOceania$100M19 DealsCanada$38M13 DealsAll Other Regions$75M12 DealsF

13、unding&deals by global region in Q324Percent of quarterly deals by global region11State of Fintech|Global Trends|Investment Trends40%38%38%38%38%40%39%36%36%38%39%36%42%38%43%38%41%39%US,39%22%24%24%23%22%22%24%25%24%21%23%22%18%20%20%20%24%24%Asia,23%25%24%23%25%24%23%20%21%21%24%22%24%24%26%23%26%

14、23%23%Europe,22%6%5%7%5%6%6%7%7%8%7%8%8%6%6%7%LatAm,7%Canada,2%5%Africa,3%Oceania,3%All Other Regions,2%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Percent of quarterly deals by investor group12State of Fintech|Global Trends|Investment Trends31%33%33%33%33%32%31%31%31%31%31%32%31%32%31

15、%31%29%30%VC,29%18%18%17%19%16%15%14%16%14%16%16%17%16%17%19%18%17%18%Other,20%9%11%11%11%11%13%12%13%12%14%12%12%12%12%12%12%11%12%Angel,12%8%9%9%9%8%10%10%10%9%9%9%10%10%8%9%11%11%11%Corp,11%7%8%9%9%10%11%11%12%11%11%10%9%9%9%10%11%11%11%Asset/Investment Management,10%8%8%7%7%7%8%8%8%8%8%9%8%7%8%9

16、%8%9%9%CVC,7%13%5%8%7%10%6%8%6%10%7%10%8%12%8%7%6%8%7%Incubator/Accelerator,6%5%6%6%5%6%Private Equity,5%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size13State of Fintech|Global Trends|Investment Trends$17.3M$28.0M$16.4M$13.2M$12.7M202020222024YTDAverage Dea

17、l Size$3.0M$4.4M$3.7M$3.0M$4.0M202020222024YTDMedian Deal SizeAnnual median deal size by global region14State of Fintech|Global Trends|Investment Trends$4.0M$3.7M$4.4M202020222024YTDUS$3.3M$3.0M$3.8M202020222024YTDAsia$3.0M$2.7M$3.3M202020222024YTDEurope$2.0M$1.6M$2.7M202020222024YTDLatAm$1.4M$2.9M$

18、3.0M202020222024YTDCanada$0.6M$0.5M$2.1M202020222024YTDAfrica$3.9M$1.9M$3.3M202020222024YTDOceaniaAnnual median deal size by investor group15State of Fintech|Global Trends|Investment Trends$3.1M$3.5M$3.1M202020222024YTDAngel$13.0M$6.5M$6.0M202020222024YTDAsset/Investment Management$13.5M$7.6M$8.2M20

19、2020222024YTDCVC$6.3M$5.1M$5.0M202020222024YTDCorp$22.5M$15.0M$15.0M202020222024YTDPrivate Equity$8.0M$5.8M$6.0M202020222024YTDVCQuarterly funding&deals from mega-rounds(deals worth$100m+)16State of Fintech|Global Trends|Investment Trends$7.4B$6.7B$7.4B$6.0B$19.3B$25.7B$23.2B$24.8B$18.3B$10.1B$4.7B$

20、4.2B$9.2B$2.1B$2.7B$3.7B$1.8B$4.0BFunding$2.6B26343134751021109685572025161416141120Deals17020406080100120140$0.0B$5.0B$10.0B$15.0B$20.0B$25.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202417State of Fintech|Global Trends|Investment TrendsUS$1.4B9 DealsEurope$0.5B4 DealsAsia$0.4B2 DealsA

21、frica$0.2B1 DealLatAm$0.1B1 DealMega-round funding&deals by global region in Q324Quarterly mega-round deals by global region18State of Fintech|Global Trends|Investment Trends75411US,96413Asia,22353Europe,4112LatAm,1Canada,01Africa,111Oceania,0All Other Regions,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3

22、20202021202220232024Quarterly mega-rounds as percent of funding19State of Fintech|Global Trends|Investment Trends56%51%54%42%64%67%63%64%56%45%33%37%57%25%34%41%23%42%Mega-rounds,36%44%49%46%58%36%33%37%36%44%55%67%63%43%75%66%59%77%58%Non-mega-rounds,64%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202

23、1202220232024Global:Top equity deals in Q32420State of Fintech|Global Trends|Investment TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJIndia4.6%2Human Interest$242MSeries F2024-07-17$1.

24、3B Baillie Gifford,Marshall Wace Asset ManagementUnited States3.3%3Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point GroupUnited States2.8%3Earned Wealth$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partn

25、ers,Breyer Capital,Hudson Structured Capital Management,JuxtaposeUnited States2.8%5Alan$193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFrance2.7%6MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgypt2.2

26、%7Bilt Rewards$150MSeries C2024-08-02$3.3BOntario Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited States2.1%8Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founders FundUnited States2.0%9Zing Health$140MSeries A2024-09-25N

27、/ACRG,First Trust Capital Partners,Health2047 Capital Partners,Newlight Partners,Town Hall VenturesUnited States1.9%10Akur8$120MSeries C2024-09-16N/A One Peak Partners,Guidewire Software,Partners GroupFrance1.7%10CloudPay$120MSeries G2024-08-08N/ABlue Owl Capital,Olayan Group,Rho Capital Partners,Ho

28、llyport CapitalUnited Kingdom1.7%10ParaFi Capital$120MUndisclosed2024-08-29N/A Accolade Partners,Theta Capital ManagementUnited States1.7%Annual percent of deals by deal stage21State of Fintech|Global Trends|Investment Trends67%70%74%74%Early-stage,71%13%13%10%9%Mid-stage,11%10%10%8%7%Late-stage,9%1

29、0%7%9%9%Other,9%20202021202220232024YTDRegional deal share by deal stage in Q32422State of Fintech|Global Trends|Investment Trends35%47%31%63%24%24%30%12%24%22%21%9%8%3%7%2%Early-stageMid-stageLate-stageOtherUSAsiaEuropeLatAmCanadaAfricaOceaniaAll Other RegionsAnnual median funding by deal stage23St

30、ate of Fintech|Global Trends|Investment Trends$2.0M$2.5M$2.5M$2.2M$3.0M202020222024YTDEarly-stage$21.6M$38.0M$31.8M$20.0M$20.0M202020222024YTDMid-stage$43.0M$96.0M$50.0M$35.0M$30.0M202020222024YTDLate-stageGlobal:Top seed/angel deals in Q32424State of Fintech|Global Trends|Investment TrendsCompanyRo

31、und AmountRoundDateSelect InvestorsCountry1WSPN$30MSeed VC2024-08-16Folius Ventures,Foresight Ventures,Generative Ventures,Hash Global,Redpoint Ventures ChinaSingapore1Yubi$30MAngel2024-08-26Gaurav KumarIndia3Centricity$20MSeed VC2024-09-12Lightspeed India Partners,Burman Family Holdings,Shantanu Ag

32、arwal,Action Tesa Family OfficeIndia4NPC Labs$18MSeed VC2024-07-22Pantera Capital,Bitscale Capital,Collab+Currency,Hashed,Makers FundUnited States5FlexCharge$17MSeed VC2024-07-11Bessemer Venture Partners,Moneta VCUnited States6Lombard$16MSeed VC2024-07-02Polychain Capital,BabylonChain,Foresight Vent

33、ures,Franklin Templeton,HTX VenturesUnited States7Jet HR$13MSeed VC2024-09-24Picus Capital,David Clarke,Diego Piacentini,Italian Founders Fund,2100 VenturesItaly7lemon.markets$13MSeed VC2024-07-11CommerzVentures,Creandum,Lakestar,System.One,Heliad Equity PartnersGermany9Affiniti$10MSeed VC2024-07-22

34、Indicator VenturesUnited States9InvestorAi$10MAngel2024-08-21Ashish KacholiaIndia9Vessel$10MSeed VC2024-08-08Sequoia Capital,Avalanche,Folius Ventures,IMO Ventures,Incuba AlphaUnited States9Yellow Network$10MSeed VC2024-09-17Chris Larsen,Consensys,GSR Ventures,Gate Labs,MATH Venture PartnersSeychell

35、esGlobal:Top Series A deals in Q32425State of Fintech|Global Trends|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountry1Zing Health$140MSeries A2024-09-25CRG,First Trust Capital Partners,Health2047 Capital Partners,Newlight Partners,Town Hall VenturesUnited States2DeCurret$45MSeries

36、 A2024-09-12ABeam Consulting,Fujitsu,GMO Financial Holdings,Hitachi,Internet Initiative JapanJapan3Bridge$40MSeries A2024-08-29Ribbit Capital,Sequoia Capital,Coinbase,SpaceXUnited States3NALA$40MSeries A2024-07-09Acrew Capital,DST Global,Amplo,HOF Capital,Norrsken22Kenya3Novatus Global$40MSeries A20

37、24-09-12Silversmith Capital Partners,Maven Capital PartnersUnited Kingdom6Thatch$38MSeries A2024-09-05General Catalyst,Index Ventures,Andreessen Horowitz,Avid Ventures,SemperVirensUnited States7Sahara AI$37MSeries A2024-08-14Binance Labs,Pantera Capital,Polychain Capital,Alumni Ventures,Canonical Cr

38、yptoCayman Islands8Neat$33MSeries A2024-09-10Hedosophia,Mundi Ventures,Athletico Ventures,ETFS CapitalFrance9Sokin$31MSeries A2024-07-24Morgan Stanley Expansion Capital,Rio Ferdinand,Aurum Partners,Gary Marino,Mark BrittoUnited KingdomGlobal:Top Series B deals in Q32426State of Fintech|Global Trends

39、|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountry1Earned Wealth$200MSeries B2024-07-10Silversmith Capital Partners,Summit Partners,Breyer Capital,Hudson Structured Capital Management,JuxtaposeUnited States2Partior$60MSeries B2024-07-12Peak XV Partners,DBS Bank,Standard Chartered,

40、Temasek,J.P.MorganSingapore3FINBOURNE Technology$59MSeries B2024-09-10CommerzVentures,HSBCUnited Kingdom4DoorLoop$52MSeries B2024-09-19Undisclosed InvestorsUnited States5Finally$50MSeries B2024-09-09PeakSpan CapitalUnited States5SDAX$50MSeries B2024-09-10Muscat Precious Metals RefiningSingapore7Coas

41、t$40MSeries B2024-07-19ICONIQ Growth,Accel,Insight Partners,Avid Ventures,Vesey VenturesUnited States7Menusifu$40MSeries B2024-09-21Amino Capital,Challenjers Venture,EGP Venture Capital,Lingfeng Capital,Grandview Capital ManagementUnited States9Qantev$34MSeries B2024-09-27Blossom Capital,Elaia Partn

42、ers,Omnes Capital,RAISE VenturesFrance10Auxilo$33MSeries B2024-07-15LeapFrog Investments,Trifecta Capital Advisors,Xponentia CapitalIndiaGlobal:Top Series C deals in Q32427State of Fintech|Global Trends|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountry1Altana AI$200MSeries C2024-0

43、7-29US Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point GroupUnited States2Bilt Rewards$150MSeries C2024-08-02Ontario Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited States3Akur8$120MSeries C2024-09-16One Peak Partners,Guidewire Softwar

44、e,Partners GroupFrance4Valon$70MSeries C2024-08-30Andreessen Horowitz,Ribbit CapitalUnited States5Cowbell Cyber$60MSeries C2024-07-26Holmes Murphy,Nyca Partners,Permira,PruVen Capital,Zurich Insurance GroupUnited States5Form3$60MSeries C2024-09-10British Patient Capital,83North,Barclays Bank,Goldman

45、 Sachs Asset Management,MastercardUnited Kingdom7Gradient AI$56MSeries C2024-07-09Centana Growth Partners,Forte Ventures,MassMutual Ventures,Sandbox Insurtech Ventures,Stone Point CapitalUnited States8Canoe Intelligence$36MSeries C2024-07-09Goldman Sachs,Eight Roads Ventures,F-Prime CapitalUnited St

46、ates9FlexiLoans$35MSeries C2024-09-10Accion,Maj Invest,Fundamentum,NuveenIndia10InDebted$34MSeries C2024-09-24AirTree Ventures,Carthona Capital,Perennial,Premier Capital Partners,Reinventure CapitalAustraliaGlobal:Top Series D deals in Q32428State of Fintech|Global Trends|Investment TrendsCompanyRou

47、nd AmountRoundDateRound Valuation Select InvestorsCountry1Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founders FundUnited States2M2P$102MSeries D2024-09-24$784M Helios Investment Partners,Taj Investment,Flourish VenturesIndia3Shift$24MSeries

48、D2024-08-26N/A Peak XV PartnersAustralia4Drip Capital$23MSeries D2024-09-05N/A GMO Payment Gateway,Sumitomo Mitsui BankingUnited States5HomeLight$20MSeries D2024-08-26N/A Zeev Ventures,Menlo Ventures,Stereo CapitalUnited States5Vayana Network$20MSeries D2024-07-30N/ASMBC Asia Rising Fund,Chiratae Ve

49、ntures,International Finance Corporation,Jungle Ventures,Emerald Asset ManagementIndiaGlobal:Top Series E+deals in Q32429State of Fintech|Global Trends|Investment TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry1Human Interest$242MSeries F2024-07-17$1.3B Baillie Gifford,Mars

50、hall Wace Asset ManagementUnited States2Alan$193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFrance3MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgypt4CloudPay$120MSeries G2024-08-08N/ABlue Owl Capita

51、l,Olayan Group,Rho Capital Partners,Hollyport CapitalUnited Kingdom5Devoted Health$112MSeries E2024-08-02N/A The Space Between,Cox Enterprises,White Road InvestmentsUnited States6Octane$50MSeries E2024-08-06N/A Valar Ventures,Upper90United States7Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsBr

52、azil8Amount$30MSeries E2024-08-15N/ACurql,Goldman Sachs,Hanaco Ventures,QED Investors,WestCapUnited States8Aye$30MSeries G2024-09-20N/A ABC Impact,British International InvestmentIndia10axio$20MSeries G2024-08-22N/A AmazonIndia10eMaxx$20MSeries F2024-09-25N/A Undisclosed InvestorsUnited StatesUnicor

53、ns30Quarterly new&total unicorns(private companies valued at$1b+)31State of Fintech|Global Trends|Unicorns3873New Unicorns,2309316322323Total Unicorns,325Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202432State of Fintech|Global Trends|UnicornsUS1692 NewCanada80 NewOceania20 NewEurope660 Ne

54、wLatAm220 NewAfrica40 NewAsia540 NewNew&total unicorns by global region in Q324Quarterly new unicorns by global region33State of Fintech|Global Trends|Unicorns2312US,2134Asia,021Europe,01LatAm,0Canada,0Africa,01Oceania,0All Other Regions,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Glo

55、bal:Top unicorn births in Q32434State of Fintech|Global Trends|UnicornsCompanyLatest Valuation Country1Altana AI$1.0BUnited States1Aven$1.0BUnited StatesGlobal:Top unicorns by valuation in Q32435State of Fintech|Global Trends|UnicornsCompanyLatest Valuation Country1Stripe$70.0BUnited States2Revolut$

56、45.0BUnited Kingdom3Chime$25.0BUnited States4Ripple$15.0BUnited States5Rippling$13.5BUnited States6Devoted Health$12.9BUnited States7Plaid$12.7BUnited States8Brex$12.3BUnited States9Deel$12.0BUnited States10Bolt$11.0BUnited StatesExit Trends36Quarterly exits37State of Fintech|Global Trends|Exit Tren

57、ds10477IPO,6140155161159M&A,1463411SPAC,1Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Percent of quarterly exits by global region38State of Fintech|Global Trends|Exit Trends36%35%41%40%46%41%42%35%36%34%33%36%37%39%36%31%33%35%US,37%18%15%11%10%8%9%10%12%16%18%10%10%18%15%18%17%13%17%As

58、ia,16%35%37%31%31%33%34%30%35%32%31%37%40%29%31%30%34%38%33%Europe,35%5%10%8%5%8%10%7%9%5%8%6%10%7%8%8%7%7%LatAm,4%5%7%5%5%Canada,3%Africa,2%Oceania,3%All Other Regions,1%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Global:Top M&A exits in Q32439State of Fintech|Global Trends|Exit Trend

59、sCompanyRound ValuationAcquirerCountry1Airbase$325M PaylocityUnited States2TipRanks$200M PrytekIsrael3Block Mining$93M Riot PlatformsUnited States4Skuad$81M PayoneerSingapore5Syft$70M XeroSouth Africa6Netmove$40M U-Next HoldingsJapan7obconnect$29M PayPointUnited Kingdom8Omnicredit$8M PragmaGORomania

60、9Xeppo$7M Netwealth GroupAustralia10Wealth AI$5M Prestige WealthSingaporeGlobal:Top IPOs in Q32440State of Fintech|Global Trends|Exit TrendsCompanyRound Valuation Country1OneStream$4.6BUnited States2TWFG Insurance$224MUnited StatesGlobal:Top SPACs in Q32441State of Fintech|Global Trends|Exit TrendsC

61、ompanyRound Valuation Select InvestorsCountry1CURRENC Group$400MInFinT AcquisitionSingaporeInvestors42Global:Top investors by company count in Q32443State of Fintech|Global Trends|InvestorsInvestorCompany Count Investor GroupCountry1OKX Ventures8CVCVirgin Islands(British)1Robot Ventures8VCUnited Sta

62、tes3Antler7VCSingapore3Bankless Ventures7CVCUnited States3Binance Labs7CVCMalta3Manutara Ventures7VCUnited States7FJ Labs6VCUnited States7HTX Ventures6VCVietnam7Mirana Ventures6VCSingapore7SNZ Capital6VCChinaGlobal:Top VCs by company count in Q32444State of Fintech|Global Trends|InvestorsInvestorCom

63、pany Count Country1Robot Ventures8United States2Antler7Singapore2Manutara Ventures7United States4FJ Labs6United States4HTX Ventures6Vietnam4Mirana Ventures6Singapore4SNZ Capital6ChinaGlobal:Top corporate VCs(CVCs)by company count in Q32445State of Fintech|Global Trends|InvestorsInvestorCompany Count

64、 Country1OKX Ventures8Virgin Islands(British)2Bankless Ventures7United States2Binance Labs7Malta4Saison Capital3Singapore4UOB Venture Management3SingaporeCollection Spotlights46Payments47Quarterly equity funding&deals48State of Fintech|Collection Spotlights|Payments$5.2B$3.1B$4.4B$2.7B$7.3B$10.2B$9.

65、7B$11.3B$8.7B$5.2B$4.0B$3.0B$8.2B$1.9B$1.2B$3.3B$1.2B$2.2BFunding$1.4B21416419918725724633933439029821521619417896127150133Deals111050100150200250300350400$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202449State of Fintech|Collection Spotlights|PaymentsU

66、S$0.5B32 DealsEurope$0.3B28 DealsAsia$0.3B28 DealsLatAm$0.2B15 DealsAfrica$80M5 DealsOceania$24M3 DealsFunding&deals by global region in Q324Quarterly funding by global region50State of Fintech|Collection Spotlights|Payments33%32%38%32%34%41%38%32%35%34%40%33%39%35%44%31%36%36%US,29%27%30%28%26%29%2

67、2%26%27%27%25%24%25%16%22%22%19%23%26%Asia,25%24%26%19%27%21%22%19%20%15%23%18%19%21%25%18%27%26%22%Europe,25%6%7%9%5%8%9%9%10%8%10%11%11%7%5%13%7%7%LatAm,14%Canada,0%6%6%5%6%6%7%7%7%7%5%6%Africa,5%Oceania,3%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average

68、&median deal size51State of Fintech|Collection Spotlights|Payments$26.3M$40.7M$23.7M$30.5M$16.0M202020222024YTDAverage Deal Size$4.3M$6.5M$4.3M$4.4M$5.0M202020222024YTDMedian Deal SizeAnnual percent of deals by deal stage52State of Fintech|Collection Spotlights|Payments66%63%70%71%Early-stage,64%13%

69、18%13%12%Mid-stage,15%13%14%9%9%Late-stage,14%8%6%8%7%Other,7%20202021202220232024YTDPayments:Top equity deals in Q32453State of Fintech|Collection Spotlights|PaymentsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1Bilt Rewards$150MSeries C2024-08-02$3.3BOntario

70、Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited States10.6%2CloudPay$120MSeries G2024-08-08N/ABlue Owl Capital,Olayan Group,Rho Capital Partners,Hollyport CapitalUnited Kingdom8.5%3Stori$105MPrivate Equity2024-08-06N/ABAI Capital,Notable Capital,General Catalyst,Lightspeed Ven

71、ture Partners,GICMexico7.4%4M2P$102MSeries D2024-09-24$784MHelios Investment Partners,Taj Investment,Flourish VenturesIndia7.2%5Partior$60MSeries B2024-07-12N/APeak XV Partners,DBS Bank,Standard Chartered,Temasek,J.P.MorganSingapore4.3%5Payt$60MVenture Capital2024-07-25N/A PartechNetherlands4.2%7Fin

72、ally$50MSeries B2024-09-09N/A PeakSpan CapitalUnited States3.5%8Coast$40MSeries B2024-07-19N/AICONIQ Growth,Accel,Insight Partners,Avid Ventures,Vesey VenturesUnited States2.8%8Menusifu$40MSeries B2024-09-21N/AAmino Capital,Challenjers Venture,EGP Venture Capital,Lingfeng Capital,Grandview Capital M

73、anagementUnited States2.8%8NALA$40MSeries A2024-07-09N/A Acrew Capital,DST Global,Amplo,HOF Capital,Norrsken22Kenya2.8%Quarterly new&total unicorns54State of Fintech|Collection Spotlights|Payments31New Unicorns,0979910099Total Unicorns,99Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quar

74、terly exits55State of Fintech|Collection Spotlights|Payments3111IPO,01491015M&A,131SPAC,1Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Banking56Quarterly equity funding&deals57State of Fintech|Collection Spotlights|Banking$2.0B$2.7B$2.4B$2.0B$3.5B$6.5B$6.2B$5.2B$3.4B$1.6B$1.3B$1.5B$0.8B$

75、0.4B$0.6B$0.6B$1.1B$0.6BFunding$0.5B736774841071051038284668056634040404535Deals17020406080100$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202458State of Fintech|Collection Spotlights|BankingAfrica$0.2B1 DealLatAm$0.1B2 DealsAsia$0.1B1 DealUS$84M

76、8 DealsEurope$12M5 DealsFunding&deals by global region in Q324Quarterly funding by global region59State of Fintech|Collection Spotlights|Banking44%39%38%39%36%43%31%24%32%36%36%36%44%40%45%35%29%51%US,47%12%13%12%7%15%12%17%21%15%11%18%16%10%8%15%13%16%9%Asia,6%25%31%30%35%29%24%29%23%29%27%24%25%33

77、%40%28%25%33%29%Europe,29%14%7%14%7%12%9%12%20%12%11%8%14%5%8%15%9%6%LatAm,12%6%Canada,0%6%6%7%6%10%5%6%5%8%9%Africa,6%6%8%Oceania,0%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size60State of Fintech|Collection Spotlights|Banking$35.8M$60.

78、4M$32.5M$16.7M$28.8M202020222024YTDAverage Deal Size$10.4M$12.9M$11.0M$5.2M$10.8M202020222024YTDMedian Deal SizeAnnual percent of deals by deal stage61State of Fintech|Collection Spotlights|Banking58%57%58%63%Early-stage,48%21%22%21%17%Mid-stage,22%13%16%10%5%Late-stage,18%8%5%11%14%Other,12%2020202

79、1202220232024YTDBanking:Top equity deals in Q32462State of Fintech|Collection Spotlights|BankingCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgypt31

80、.7%2Stori$105MPrivate Equity2024-08-06N/ABAI Capital,Notable Capital,General Catalyst,Lightspeed Venture Partners,GICMexico21.1%3M2P$102MSeries D2024-09-24$784MHelios Investment Partners,Taj Investment,Flourish VenturesIndia20.5%4Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsBrazil7.4%5Amount$3

81、0MSeries E2024-08-15N/ACurql,Goldman Sachs,Hanaco Ventures,QED Investors,WestCapUnited States6.0%6Every$23MSeries A2024-09-05N/ARedpoint Ventures,Base10 Partners,Y Combinator,Formus Capital,Okta VenturesUnited States4.5%7Comun$22MSeries A2024-08-28N/ARedpoint Ventures,Costanoa Ventures,FJ Labs,South

82、 Park Commons,ANIMO VenturesUnited States4.3%8Kompasbank$6MSeries C2024-09-06N/A Undisclosed InvestorsDenmark1.2%9Lunar$5MSeries F2024-07-23N/A Undisclosed InvestorsDenmark1.1%9ModernFi$5MSeries A2024-07-24N/A CurqlUnited States1.0%Quarterly new&total unicorns63State of Fintech|Collection Spotlights

83、|Banking11New Unicorns,044454646Total Unicorns,46Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits64State of Fintech|Collection Spotlights|Banking1IPO,03353M&A,2SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Digital Lending65Quarterly equity funding&deals66St

84、ate of Fintech|Collection Spotlights|Digital Lending$1.3B$2.2B$2.7B$2.8B$5.8B$7.8B$5.1B$6.6B$5.8B$2.7B$2.3B$1.7B$1.9B$1.4B$1.8B$1.2B$0.9B$0.9BFunding$1.3B11711713712622921823020825417317214914715188707296Deals85050100150200250300$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0B$9.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q

85、3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202467State of Fintech|Collection Spotlights|Digital LendingAsia$0.6B23 DealsUS$0.4B26 DealsAfrica$0.2B5 DealsLatAm$0.1B15 DealsOceania$42M4 DealsEurope$31M10 DealsCanada$9M2 DealsFunding&deals by global region in Q324Quarterly funding by global region68State of Fint

86、ech|Collection Spotlights|Digital Lending40%32%39%34%38%40%38%39%33%37%40%34%37%40%43%24%44%40%US,31%27%37%24%22%26%21%20%22%26%21%20%24%22%23%23%33%26%25%Asia,27%21%19%23%26%17%20%16%20%20%21%18%15%22%20%13%20%14%24%Europe,12%8%9%7%7%10%9%13%10%11%8%13%18%5%9%6%14%8%LatAm,18%Canada,2%7%7%8%5%10%10%

87、Africa,6%Oceania,5%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size69State of Fintech|Collection Spotlights|Digital Lending$24.0M$36.3M$21.0M$18.9M$16.0M202020222024YTDAverage Deal Size$6.0M$6.0M$5.0M$4.4M$6.0M202020222024YTDMedian Deal Si

88、zeAnnual percent of deals by deal stage70State of Fintech|Collection Spotlights|Digital Lending61%65%69%67%Early-stage,53%19%15%14%11%Mid-stage,23%12%13%8%9%Late-stage,13%8%7%10%13%Other,10%20202021202220232024YTDDigital Lending:Top equity deals in Q32471State of Fintech|Collection Spotlights|Digita

89、l LendingCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJIndia24.9%2MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgypt11.7%3A

90、ven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founders FundUnited States10.6%4M2P$102MSeries D2024-09-24$784M Helios Investment Partners,Taj Investment,Flourish VenturesIndia7.6%5Octane$50MSeries E2024-08-06N/A Valar Ventures,Upper90United State

91、s3.7%6Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsBrazil2.7%7FlexiLoans$35MSeries C2024-09-10N/A Accion,Maj Invest,Fundamentum,NuveenIndia2.6%8InDebted$34MSeries C2024-09-24$250MAirTree Ventures,Carthona Capital,Perennial,Premier Capital Partners,Reinventure CapitalAustralia2.6%9Auxilo$33MSer

92、ies B2024-07-15N/A LeapFrog Investments,Trifecta Capital Advisors,Xponentia CapitalIndia2.5%10Amount$30MSeries E2024-08-15N/A Curql,Goldman Sachs,Hanaco Ventures,QED Investors,WestCapUnited States2.2%10Aye$30MSeries G2024-09-20N/A ABC Impact,British International InvestmentIndia2.2%10Yubi$30MAngel20

93、24-08-26N/A Gaurav KumarIndia2.2%Quarterly new&total unicorns72State of Fintech|Collection Spotlights|Digital Lending21New Unicorns,152535454Total Unicorns,55Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits73State of Fintech|Collection Spotlights|Digital LendingIPO,08668M&A,

94、1111SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Wealth Tech74Quarterly equity funding&deals75State of Fintech|Collection Spotlights|Wealth Tech$0.9B$2.5B$1.9B$1.2B$5.9B$3.9B$3.0B$3.6B$3.3B$2.8B$1.5B$1.7B$1.3B$1.0B$0.5B$1.3B$0.6B$0.6BFunding$1.0B10688122146168179208200184184154172

95、1339350735699Deals83050100150200250300$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202476State of Fintech|Collection Spotlights|Wealth TechUS$0.7B36 DealsEurope$0.1B21 DealsAsia$0.1B22 DealsLatAm$13M2 DealsCanada$10M1 DealOceania$3M1 DealFunding&deals

96、 by global region in Q324Quarterly funding by global region77State of Fintech|Collection Spotlights|Wealth Tech42%39%41%45%39%40%44%36%34%40%42%33%43%42%58%41%55%35%US,43%21%18%20%20%25%24%24%30%27%26%31%23%17%14%18%23%23%21%Asia,27%25%30%25%27%24%27%21%24%23%24%22%27%29%32%18%26%21%29%Europe,25%6%6

97、%LatAm,2%5%8%Canada,1%5%Africa,0%Oceania,1%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size78State of Fintech|Collection Spotlights|Wealth Tech$18.4M$27.8M$16.3M$13.9M$13.3M202020222024YTDAverage Deal Size$3.2M$4.0M$3.8M$2.5M$3.8M202020222

98、024YTDMedian Deal SizeAnnual percent of deals by deal stage79State of Fintech|Collection Spotlights|Wealth Tech66%69%70%69%Early-stage,66%16%13%9%10%Mid-stage,16%9%10%10%10%Late-stage,11%9%8%12%11%Other,7%20202021202220232024YTDWealth Tech:Top equity deals in Q32480State of Fintech|Collection Spotli

99、ghts|Wealth TechCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1Human Interest$242MSeries F2024-07-17$1.3B Baillie Gifford,Marshall Wace Asset ManagementUnited States25.3%2Earned Wealth$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partners,Breyer

100、Capital,Hudson Structured Capital Management,JuxtaposeUnited States21.0%3FINBOURNE Technology$59MSeries B2024-09-10N/A CommerzVentures,HSBCUnited Kingdom6.1%4Canoe Intelligence$36MSeries C2024-07-09$287M Goldman Sachs,Eight Roads Ventures,F-Prime CapitalUnited States3.8%5Pencils Protocol$30MSeries A

101、2024-09-02$80M Bing Ventures,Black GM Capital,DepinX,Taisu VenturesUnited States3.1%5W$30MSeries A2024-09-16N/AGoogle Ventures,Citi Ventures,Fifty Three Stations,Firebolt Ventures,Outpost VenturesUnited States3.1%5Yubi$30MAngel2024-08-26N/A Gaurav KumarIndia3.1%8Syfe$27MSeries C2024-08-13N/A Unbound

102、,Valar VenturesSingapore2.8%9Centricity$20MSeed VC2024-09-12$125MLightspeed India Partners,Burman Family Holdings,Shantanu Agarwal,Action Tesa Family OfficeIndia2.1%9K1X$20MSeries B2024-09-10N/A Edison PartnersUnited States2.1%Quarterly new&total unicorns81State of Fintech|Collection Spotlights|Weal

103、th Tech111New Unicorns,033343435Total Unicorns,35Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits82State of Fintech|Collection Spotlights|Wealth TechIPO,091252M&A,13SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Insurtech83Quarterly equity funding&deals84Sta

104、te of Fintech|Collection Spotlights|Insurtech$1.5B$1.7B$2.9B$2.4B$3.0B$5.1B$3.4B$5.6B$2.7B$2.5B$2.3B$1.2B$1.4B$0.9B$1.1B$1.2B$0.9B$1.4BFunding$1.4B15113913716420920618419920517719513513811713210811486Deals77050100150200250300$0.0B$1.0B$2.0B$3.0B$4.0B$5.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202

105、120222023202485State of Fintech|Collection Spotlights|InsurtechUS$0.8B40 DealsEurope$0.5B17 DealsAsia$44M10 DealsLatAm$10M3 DealsCanada$14M5 DealsAfrica$0.1M2 DealsFunding&deals by global region in Q324Quarterly funding by global region86State of Fintech|Collection Spotlights|Insurtech60%50%47%49%50

106、%44%51%41%44%47%46%52%51%51%58%51%54%48%US,52%12%15%16%18%18%20%18%20%14%12%18%14%10%11%14%16%12%10%Asia,12%18%19%30%18%25%24%20%25%25%28%24%28%25%22%20%23%25%35%Europe,22%6%6%5%5%6%5%5%8%LatAm,5%Canada,5%6%6%Africa,3%Oceania,0%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220

107、232024Annual average&median deal size87State of Fintech|Collection Spotlights|Insurtech$17.8M$26.0M$15.6M$11.5M$15.8M202020222024YTDAverage Deal Size$4.4M$6.0M$4.5M$4.0M$5.1M202020222024YTDMedian Deal SizeAnnual percent of deals by deal stage88State of Fintech|Collection Spotlights|Insurtech67%65%71

108、%65%Early-stage,63%17%19%14%17%Mid-stage,19%8%11%7%8%Late-stage,9%8%6%7%9%Other,9%20202021202220232024YTDInsurtech:Top equity deals in Q32489State of Fintech|Collection Spotlights|InsurtechCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1Altana AI$200MSeries C2024

109、-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point GroupUnited States14.5%2Alan$193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFrance14.0%3Zing Health$140MSeries A2024-09-25N/ACRG,First Trust Capital Partners,Heal

110、th2047 Capital Partners,Newlight Partners,Town Hall VenturesUnited States10.1%4Akur8$120MSeries C2024-09-16N/A One Peak Partners,Guidewire Software,Partners GroupFrance8.7%5Devoted Health$112MSeries E2024-08-02N/AThe Space Between,Cox Enterprises,White Road InvestmentsUnited States8.1%6Cowbell Cyber

111、$60MSeries C2024-07-26N/AHolmes Murphy,Nyca Partners,Permira,PruVen Capital,Zurich Insurance GroupUnited States4.3%7Gradient AI$56MSeries C2024-07-09N/ACentana Growth Partners,Forte Ventures,MassMutual Ventures,Sandbox Insurtech Ventures,Stone Point CapitalUnited States4.1%8Thatch$38MSeries A2024-09

112、-05N/AGeneral Catalyst,Index Ventures,Andreessen Horowitz,Avid Ventures,SemperVirensUnited States2.8%9Qantev$34MSeries B2024-09-27N/ABlossom Capital,Elaia Partners,Omnes Capital,RAISE VenturesFrance2.4%10Neat$33MSeries A2024-09-10N/AHedosophia,Mundi Ventures,Athletico Ventures,ETFS CapitalFrance2.4%

113、Quarterly new&total unicorns90State of Fintech|Collection Spotlights|Insurtech1New Unicorns,136363635Total Unicorns,36Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits91State of Fintech|Collection Spotlights|Insurtech2IPO,01513614M&A,521SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q

114、1Q2Q320202021202220232024Capital Markets Tech92Quarterly equity funding&deals93State of Fintech|Collection Spotlights|Capital Markets Tech$0.4B$0.5B$0.8B$0.6B$0.7B$1.0B$1.5B$2.0B$1.3B$1.5B$1.0B$0.4B$0.6B$0.6B$0.3B$0.2B$0.3B$1.0BFunding$0.3B453870594649515759494741552425222323Deals2101020304050607080

115、90$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202494State of Fintech|Collection Spotlights|Capital Markets TechUS$0.1B11 DealsEurope$95M7 DealsCanada$10M1 DealOceania$3M1 DealLatAm$0.0M1 DealFunding&deals by global region in Q324Quarterly funding by global reg

116、ion95State of Fintech|Collection Spotlights|Capital Markets Tech51%39%36%46%43%43%49%53%44%53%34%32%45%58%48%36%52%52%US,52%16%24%31%15%24%22%16%21%14%16%13%12%15%13%20%18%26%9%Asia,0%27%26%20%29%30%20%27%19%27%27%40%37%33%13%24%32%17%26%Europe,33%7%6%9%9%LatAm,5%7%8%Canada,5%6%Africa,0%8%8%5%7%8%Oc

117、eania,5%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size96State of Fintech|Collection Spotlights|Capital Markets Tech$16.3M$31.9M$25.7M$18.7M$36.8M202020222024YTDAverage Deal Size$4.4M$6.2M$7.9M$6.0M$9.5M202020222024YTDMedian Deal SizeAnnual percent of deals

118、by deal stage97State of Fintech|Collection Spotlights|Capital Markets Tech64%61%57%48%Early-stage,57%13%20%21%20%Mid-stage,24%10%11%12%14%Late-stage,10%12%7%10%17%Other,9%20202021202220232024YTDCapital Markets Tech:Top equity deals in Q32498State of Fintech|Collection Spotlights|Capital Markets Tech

119、CompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1MIAX$100MPrivate Equity2024-08-22N/A Warburg PincusUnited States39.2%2FINBOURNE Technology$59MSeries B2024-09-10N/A CommerzVentures,HSBCUnited Kingdom23.0%3Polly$25MSeries C2024-09-10N/A 8VC,Fifth Wall,Khosla Ventur

120、es,Menlo Ventures,MeritechUnited States9.8%4bunch$16MSeries A2024-07-25N/AFinTech Collective,Cherry Ventures,Broadhaven Capital Partners,Motive VenturesGermany6.1%5Apiday$11MSeries A2024-07-02N/A Daphni,Revent Ventures,Speedinvest,AENU,Galion.exeFrance4.2%6Boosted.ai$10MUndisclosed2024-08-15N/A CIBC

121、 Innovation BankingCanada3.9%6Primary Portal$10MSeries A2024-07-25N/A DB1 Ventures,Dutch Founders Fund,Flow TradersUnited Kingdom3.8%8Prometheum$9MUndisclosed2024-09-12N/A Undisclosed InvestorsUnited States3.7%9Flow$6MSeries B2024-08-07N/A Undisclosed InvestorsUnited States2.4%10Tetrix$5MSeed VC2024

122、-09-26N/A Innovation EndeavorsUnited States2.0%Quarterly new&total unicorns99State of Fintech|Collection Spotlights|Capital Markets TechNew Unicorns,014141414Total Unicorns,14Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits100State of Fintech|Collection Spotlights|Capital Ma

123、rkets Tech1IPO,056710M&A,3SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Geographic Trends101US Trends102Quarterly funding&deals103State of Fintech|Geographic Trends|US Trends$5.4B$7.1B$7.0B$7.0B$17.2B$16.1B$16.6B$19.7B$15.9B$9.9B$6.1B$4.5B$10.9B$4.0B$3.6B$3.8B$3.4B$5.2BFunding$3.5B

124、444347390462624632661629749626588463570411417324419350Deals2940100200300400500600700800$0.0B$5.0B$10.0B$15.0B$20.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage104State of Fintech|Geographic Trends|US Trends63%65%69%71%Early-stage,67%14%15%11%10%Mid-

125、stage,12%10%10%7%7%Late-stage,7%14%10%13%12%Other,14%20202021202220232024YTDUS:Top equity deals in Q324105State of Fintech|Geographic Trends|US TrendsCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Human Interest$242MSeries F2024-07-17$1.3B Baillie Gifford,Marshall Wace

126、 Asset Management6.9%2Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point Group5.7%2Earned Wealth$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partners,Breyer Capital,Hudson Structured Capital Management,Ju

127、xtapose5.7%4Bilt Rewards$150MSeries C2024-08-02$3.3B Ontario Teachers,University of Illinois Foundation,Vanderbilt University4.3%5Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founders Fund4.0%6Zing Health$140MSeries A2024-09-25N/ACRG,First Tru

128、st Capital Partners,Health2047 Capital Partners,Newlight Partners,Town Hall Ventures4.0%7ParaFi Capital$120MUndisclosed2024-08-29N/A Accolade Partners,Theta Capital Management3.4%8Devoted Health$112MSeries E2024-08-02N/A The Space Between,Cox Enterprises,White Road Investments3.2%9MIAX$100MPrivate E

129、quity2024-08-22N/A Warburg Pincus2.8%10Valon$70MSeries C2024-08-30N/A Andreessen Horowitz,Ribbit Capital2.0%Quarterly exits106State of Fintech|Geographic Trends|US Trends121IPO,251495558M&A,5522SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024US:Top investors by company count in Q3241

130、07State of Fintech|Geographic Trends|US TrendsInvestorCompany Count Investor GroupCountry1Robot Ventures8VCUnited States2Bankless Ventures7CVCUnited States2Manutara Ventures7VCUnited States4FJ Labs6VCUnited States5Andreessen Horowitz5VCUnited States5Castle Island Ventures5VCUnited States5Electric Ca

131、pital5VCUnited States5Folius Ventures5VCUnited States5General Catalyst5VCUnited States5Hack VC5VCUnited States5Mantle5Asset/investment managementUnited States5Polychain Capital5Asset/investment managementUnited States5QED Investors5VCUnited StatesSilicon Valley108Quarterly funding&deals109State of F

132、intech|Geographic Trends|Silicon Valley$1.3B$3.2B$3.2B$2.1B$7.4B$5.7B$6.8B$5.0B$4.8B$3.0B$1.7B$1.1B$8.1B$0.8B$1.1B$0.7B$1.0B$1.6BFunding$0.8B1268899100155153179137164124120941487190438762Deals49020406080100120140160180200$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0B$9.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q

133、3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage110State of Fintech|Geographic Trends|Silicon Valley66%64%71%74%Early-stage,73%16%20%16%13%Mid-stage,17%11%11%7%Late-stage,5%7%8%6%Other,6%20202021202220232024YTDSilicon Valley:Top equity deals in Q324111State of Fintech|Geographic Tr

134、ends|Silicon ValleyCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Human Interest$242MSeries F2024-07-17$1.3B Baillie Gifford,Marshall Wace Asset Management29.1%2Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founde

135、rs Fund17.1%3Cowbell Cyber$60MSeries C2024-07-26N/AHolmes Murphy,Nyca Partners,Permira,PruVen Capital,Zurich Insurance Group7.2%4Thatch$38MSeries A2024-09-05N/AGeneral Catalyst,Index Ventures,Andreessen Horowitz,Avid Ventures,SemperVirens4.6%5Candid Health$29MSeries B2024-09-11N/A 8VC,Y Combinator,B

136、oxGroup,First Round Capital3.5%New York112Quarterly funding&deals113State of Fintech|Geographic Trends|New York$1.3B$1.2B$1.3B$2.3B$4.3B$3.7B$3.9B$5.9B$4.5B$2.4B$1.8B$1.2B$1.1B$0.9B$0.9B$1.9B$0.9B$1.4BFunding$1.4B9465941001461471351351851481351041228969738580Deals72020406080100120140160180200$0.0B$1

137、.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage114State of Fintech|Geographic Trends|New York65%66%73%73%Early-stage,67%17%15%11%10%Mid-stage,15%10%10%7%7%Late-stage,7%9%9%9%10%Other,11%20202021202220232024YTDNew York:T

138、op equity deals in Q324115State of Fintech|Geographic Trends|New YorkCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point Group14.0%1Earned Wealt

139、h$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partners,Breyer Capital,Hudson Structured Capital Management,Juxtapose14.0%3Bilt Rewards$150MSeries C2024-08-02$3.3BOntario Teachers,University of Illinois Foundation,Vanderbilt University10.5%4ParaFi Capital$120MUndisclosed2024-08-29N/A

140、 Accolade Partners,Theta Capital Management8.4%5MIAX$100MPrivate Equity2024-08-22N/A Warburg Pincus7.0%Asia Trends116Quarterly funding&deals117State of Fintech|Geographic Trends|Asia Trends$3.5B$2.2B$2.3B$2.4B$3.8B$5.6B$6.4B$8.2B$5.1B$4.8B$3.2B$3.1B$1.9B$1.5B$2.3B$2.1B$1.2B$1.6BFunding$1.4B241219240

141、280350342413429501349342287243215190174243215Deals1750100200300400500600$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0B$9.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage118State of Fintech|Geographic Trends|Asia Trends66%70%73%74%Early-stage,73%15%15%1

142、2%10%Mid-stage,11%12%12%10%9%Late-stage,12%7%5%7%Other,5%20202021202220232024YTDAsia:Top equity deals in Q324119State of Fintech|Geographic Trends|Asia TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-

143、Mitsubishi UFJIndia24.6%2M2P$102MSeries D2024-09-24$784M Helios Investment Partners,Taj Investment,Flourish VenturesIndia7.5%3Partior$60MSeries B2024-07-12N/APeak XV Partners,DBS Bank,Standard Chartered,Temasek,J.P.MorganSingapore4.4%4SDAX$50MSeries B2024-09-10N/A Muscat Precious Metals RefiningSing

144、apore3.7%5DeCurret$45MSeries A2024-09-12N/AABeam Consulting,Fujitsu,GMO Financial Holdings,Hitachi,Internet Initiative JapanJapan3.3%6FlexiLoans$35MSeries C2024-09-10N/A Accion,Maj Invest,Fundamentum,NuveenIndia2.5%7Auxilo$33MSeries B2024-07-15N/A LeapFrog Investments,Trifecta Capital Advisors,Xpone

145、ntia CapitalIndia2.5%8Dezerv$32MSeries B2024-07-08$202M Premji Invest,Accel,Elevation Capital,Matrix PartnersIndia2.3%9Aye$30MSeries G2024-09-20N/A ABC Impact,British International InvestmentIndia2.2%9Finture$30MSeries B2024-08-19N/A MindWorks Capital,SWC Global,Antao Capital,Richen Pioneer,xvcIndon

146、esia2.2%9WSPN$30MSeed VC2024-08-16N/AFolius Ventures,Foresight Ventures,Generative Ventures,Hash Global,Redpoint Ventures ChinaSingapore2.2%9Yubi$30MAngel2024-08-26N/A Gaurav KumarIndia2.2%9Yuze$30MSeries A2024-08-15N/A Osten InvestmentsUnited Arab Emirates2.2%Quarterly exits120State of Fintech|Geog

147、raphic Trends|Asia Trends7245IPO,320241723M&A,191111SPAC,1Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Asia:Top investors by company count in Q324121State of Fintech|Geographic Trends|Asia TrendsInvestorCompany Count Investor GroupCountry1Antler7VCSingapore2HTX Ventures6VCVietnam2Mirana

148、 Ventures6VCSingapore2SNZ Capital6VCChina5Amber Group5CorpSingapore6Cypher Capital4VCUnited Arab Emirates6Genesia Ventures4VCJapanIndia122Quarterly funding&deals123State of Fintech|Geographic Trends|India$0.8B$0.4B$0.5B$0.5B$0.8B$1.4B$2.4B$2.9B$1.9B$1.6B$0.8B$0.5B$0.5B$0.6B$0.8B$0.3B$0.4B$0.4BFundin

149、g$0.8B744748718682111120141959264515142355152Deals42020406080100120140160180$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage124State of Fintech|Geographic Trends|India69%72%73%75%Early-stage,66%14%13%13%9%Mid-stage,14%

150、10%12%10%9%Late-stage,16%7%7%Other,5%20202021202220232024YTDIndia:Top equity deals in Q324125State of Fintech|Geographic Trends|IndiaCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJ40.8%2M2P$102MSeri

151、es D2024-09-24$784M Helios Investment Partners,Taj Investment,Flourish Ventures12.4%3FlexiLoans$35MSeries C2024-09-10N/A Accion,Maj Invest,Fundamentum,Nuveen4.2%4Auxilo$33MSeries B2024-07-15N/A LeapFrog Investments,Trifecta Capital Advisors,Xponentia Capital4.1%5Dezerv$32MSeries B2024-07-08$202M Pre

152、mji Invest,Accel,Elevation Capital,Matrix Partners3.9%Singapore126Quarterly funding&deals127State of Fintech|Geographic Trends|Singapore$1.0B$0.2B$0.4B$0.2B$0.5B$1.3B$1.1B$1.3B$0.9B$1.0B$0.3B$1.1B$0.8B$0.2B$0.1B$0.2B$0.2B$0.4BFunding$0.2B343039365057536975475549473531345741Deals2701020304050607080$0

153、.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage128State of Fintech|Geographic Trends|Singapore73%80%78%79%Early-stage,83%11%10%10%9%Mid-stage,7%5%7%7%8%Late-stage,6%11%Other,3%20202021202220232024YTDSingapore:

154、Top equity deals in Q324129State of Fintech|Geographic Trends|SingaporeCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Partior$60MSeries B2024-07-12N/APeak XV Partners,DBS Bank,Standard Chartered,Temasek,J.P.Morgan27.3%2SDAX$50MSeries B2024-09-10N/A Muscat Precious Meta

155、ls Refining22.8%3WSPN$30MSeed VC2024-08-16N/AFolius Ventures,Foresight Ventures,Generative Ventures,Hash Global,Redpoint Ventures China13.7%4Syfe$27MSeries C2024-08-13N/A Unbound,Valar Ventures12.3%5Drift Protocol$25MSeries B2024-09-19N/AMulticoin Capital,Blockchain Capital,Folius Ventures,Maelstrom

156、 Fund,Primitive Ventures11.4%Japan130Quarterly funding&deals131State of Fintech|Geographic Trends|Japan$63M$201M$77M$83M$318M$278M$164M$66M$236M$81M$82M$131M$115M$82M$121M$30M$30M$215MFunding$83M162918172422202435282827251727221322Deals28051015202530354045$0M$50M$100M$150M$200M$250M$300M$350MQ1Q2Q3Q

157、4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage132State of Fintech|Geographic Trends|Japan49%62%60%49%Early-stage,54%14%10%14%18%Mid-stage,11%30%23%20%24%Late-stage,24%8%5%9%Other,11%20202021202220232024YTDJapan:Top equity deals in Q324133State of Fintech|Geo

158、graphic Trends|JapanCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1DeCurret$45MSeries A2024-09-12N/AABeam Consulting,Fujitsu,GMO Financial Holdings,Hitachi,Internet Initiative Japan54.0%2Nstock$21MSeries A2024-09-09N/A ALL STAR SAAS FUND,Chiba Dojo,Coral Capital,East V

159、entures,WiL25.1%3Paytner$8MSeries C2024-08-08N/AIncubate Fund,JIC Venture Growth Investments,Nissay Capital,Spiral Innovation Partners,W9.8%4A1A$3MSeries B2024-07-31N/A Toyota Tsusho,ALL STAR SAAS FUND,Nagase&Co3.4%5Flucle$2MSeed VC2024-09-26N/AGenesia Ventures,B,Cybozu,Future Venture Capital,Mitsub

160、ishi UFJ Capital1.9%5SoVa$2MSeries A2024-08-21N/AChugin Capital Partners,Coconala Skill Partners,Globe Advisors Ventures,JAFCO,Boost Capital2.3%Europe Trends134Quarterly funding&deals135State of Fintech|Geographic Trends|Europe Trends$3.6B$2.5B$2.9B$2.8B$6.4B$8.8B$6.4B$6.7B$8.3B$5.5B$3.9B$2.4B$2.2B$

161、2.0B$1.4B$1.8B$2.3B$2.0BFunding$1.5B274216236299394364334370444389335302327277222219241203Deals1630100200300400500$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0B$9.0B$10.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage136State of Fintech|Geographic Tren

162、ds|Europe Trends68%73%76%77%Early-stage,73%11%10%9%8%Mid-stage,13%12%11%9%8%Late-stage,9%9%6%6%7%Other,6%20202021202220232024YTDEurope:Top equity deals in Q324137State of Fintech|Geographic Trends|Europe TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1Alan$

163、193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFrance13.0%2Akur8$120MSeries C2024-09-16N/A One Peak Partners,Guidewire Software,Partners GroupFrance8.1%2CloudPay$120MSeries G2024-08-08N/ABlue Owl Capital,Olayan Group,Rho Capital Partners,Hollyport CapitalUnited King

164、dom8.1%4Form3$60MSeries C2024-09-10$570MBritish Patient Capital,83North,Barclays Bank,Goldman Sachs Asset Management,MastercardUnited Kingdom4.0%4Payt$60MVenture Capital2024-07-25N/A PartechNetherlands4.0%6FINBOURNE Technology$59MSeries B2024-09-10N/A CommerzVentures,HSBCUnited Kingdom3.9%7Novatus G

165、lobal$40MSeries A2024-09-12$150M Silversmith Capital Partners,Maven Capital PartnersUnited Kingdom2.7%8Qantev$34MSeries B2024-09-27N/A Blossom Capital,Elaia Partners,Omnes Capital,RAISE Ventures France2.3%9Neat$33MSeries A2024-09-10N/A Hedosophia,Mundi Ventures,Athletico Ventures,ETFS CapitalFrance2

166、.2%10Sokin$31MSeries A2024-07-24N/AMorgan Stanley Expansion Capital,Rio Ferdinand,Aurum Partners,Gary Marino,Mark BrittoUnited Kingdom2.2%10Yonder$31MSeries B2024-09-19$133M RTP Global,Repeat,LatitudeUnited Kingdom2.2%Quarterly exits138State of Fintech|Geographic Trends|Europe Trends2111IPO,14454625

167、2M&A,531SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Europe:Top investors by company count in Q324139State of Fintech|Geographic Trends|Europe TrendsInvestorCompany Count Investor GroupCountry1Binance Labs7CVCMalta2Index Ventures5VCUnited Kingdom2MH Ventures5VCUnited Kingdom41kx4V

168、CNetherlands4Maven 11 Capital4VCNetherlands6Cogitent Ventures3VCUnited Kingdom6Flow Traders3Asset/investment managementNetherlands6Rockaway Blockchain3VCCzech Republic6Speedinvest3VCAustria6Wise3 Ventures3VCSpain6ZBS Capital3VCUkraineUnited Kingdom140Quarterly funding&deals141State of Fintech|Geogra

169、phic Trends|United Kingdom$1.4B$1.3B$1.4B$1.5B$3.4B$2.7B$3.6B$3.0B$3.8B$2.4B$0.9B$0.9B$0.6B$0.8B$0.6B$0.9B$1.2B$0.8BFunding$0.6B110849212214912613312216313110697988176848471Deals51020406080100120140160180200$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0B$4.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202

170、021202220232024Annual percent of deals by deal stage142State of Fintech|Geographic Trends|United Kingdom65%72%73%73%Early-stage,73%13%11%10%9%Mid-stage,12%10%12%10%10%Late-stage,11%12%7%8%Other,5%20202021202220232024YTDUnited Kingdom:Top equity deals in Q324143State of Fintech|Geographic Trends|Unit

171、ed KingdomCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1CloudPay$120MSeries G2024-08-08N/A Blue Owl Capital,Olayan Group,Rho Capital Partners,Hollyport Capital21.6%2Form3$60MSeries C2024-09-10$570MBritish Patient Capital,83North,Barclays Bank,Goldman Sachs Asset Manag

172、ement,Mastercard10.8%3FINBOURNE Technology$59MSeries B2024-09-10N/A CommerzVentures,HSBC10.6%4Novatus Global$40MSeries A2024-09-12$150M Silversmith Capital Partners,Maven Capital Partners7.2%5Sokin$31MSeries A2024-07-24N/AMorgan Stanley Expansion Capital,Rio Ferdinand,Aurum Partners,Gary Marino,Mark

173、 Britto5.6%5Yonder$31MSeries B2024-09-19$133M RTP Global,Repeat,Latitude5.6%France144Quarterly funding&deals145State of Fintech|Geographic Trends|France$0.3B$0.2B$0.1B$0.2B$0.3B$1.3B$0.4B$0.5B$1.5B$0.8B$0.2B$0.3B$0.3B$0.2B$0.2B$0.2B$0.2B$0.4BFunding$0.4B192120173939223448412838353431221527Deals20010

174、203040506070$0.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage146State of Fintech|Geographic Trends|France81%78%81%75%Early-stage,66%13%10%10%11%Mid-stage,16%7%7%Late-stage,13%5%8%Other,5%20202021202220232024YT

175、DFrance:Top equity deals in Q324147State of Fintech|Geographic Trends|FranceCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Alan$193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,Temasek43.4%2Akur8$120MSeries C2024-09-16N/A One Peak Partners,Guid

176、ewire Software,Partners Group27.0%3Qantev$34MSeries B2024-09-27N/A Blossom Capital,Elaia Partners,Omnes Capital,RAISE Ventures7.5%4Neat$33MSeries A2024-09-10N/A Hedosophia,Mundi Ventures,Athletico Ventures,ETFS Capital7.4%5Jump$12MSeries A2024-09-23N/ABreega Capital,Index Ventures,Athletico Ventures

177、,Mozza Angels,RAISE Ventures2.7%LatAm Trends148Quarterly funding&deals149State of Fintech|Geographic Trends|LatAm Trends$0.5B$0.9B$1.3B$1.4B$1.4B$6.0B$3.6B$1.9B$1.2B$1.2B$0.6B$0.6B$0.3B$0.3B$0.3B$0.5B$0.4B$0.5BFunding$0.4B6648696610493123129163107113104817042644837Deals56020406080100120140160180200$

178、0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage150State of Fintech|Geographic Trends|LatAm Trends77%75%80%85%Early-stage,76%7%11%6%5%Mid-stage,8%9%9%7%6%Late-stage,9%7%7%Other,7%20202021202220232024YTDLatAm:Top equity

179、deals in Q324151State of Fintech|Geographic Trends|LatAm TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1Stori$105MPrivate Equity2024-08-06N/ABAI Capital,Notable Capital,General Catalyst,Lightspeed Venture Partners,GICMexico25.4%2Credlix$50MCorporate Minori

180、ty2024-09-12N/A MoglixMexico12.1%3Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsBrazil8.8%4Cobre$27MSeries C2024-09-06N/A QED InvestorsColombia6.5%5Tapi$22MSeries A2024-07-12N/A Kaszek Ventures,Andreessen HorowitzArgentina5.3%6Finkargo$20MSeries A2024-09-13N/AQED Investors,Flybridge Capital Par

181、tners,NAZCA,ONEVC,Quona CapitalMexico4.8%7Ume$15MSeries A2024-09-02N/APayPal Ventures,Clocktower Technology Ventures,NFX,Norte Ventures,Big BetsBrazil3.6%8Bhub$13MSeries B2024-09-25$160MInternational Finance Corporation,Monashees+,Valor Capital Group,LatitudBrazil3.3%9Monkey Exchange$12MSeries B2024

182、-07-12N/A L4VB,Kinea Investimentos,Quona Capital,DEGBrazil3.0%10Facio$11MSeries A2024-08-08N/A Monashees+Brazil2.7%10Monkey$11MUndisclosed2024-08-04N/A Undisclosed InvestorsBrazil2.7%Quarterly exits152State of Fintech|Geographic Trends|LatAm TrendsIPO,012131312M&A,6Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1

183、Q2Q320202021202220232024LatAm:Top investors by company count in Q324153State of Fintech|Geographic Trends|LatAm TrendsInvestorCompany Count Investor GroupCountry1Bossa Invest3VCBrazil1Monashees+3VCBrazil3BuenTrip Ventures2VCEcuador3Canary VC2VCBrazil3Carao Ventures2VCCosta Rica3Kaszek Ventures2VCArg

184、entina3Kayyak Ventures2VCChile3L4VB2VCBrazil3Norte Ventures2VCBrazilBrazil154Quarterly funding&deals155State of Fintech|Geographic Trends|Brazil$0.3B$0.7B$0.7B$0.8B$1.2B$4.1B$1.4B$1.1B$0.8B$0.4B$0.3B$0.2B$0.1B$0.2B$0.2B$0.3B$0.1B$0.2BFunding$0.1B372639405456637358445348353423251817Deals2701020304050

185、60708090$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage156State of Fintech|Geographic Trends|Brazil75%72%76%80%Early-stage,71%6%13%6%7%Mid-stage,10%13%10%10%9%Late-stage,11%6%6%8%Other,8%20202021202220232024

186、YTDBrazil:Top equity deals in Q324157State of Fintech|Geographic Trends|BrazilCompanyRound AmountRoundDateRound Valuation Select Investors%of Total Funding1Neon$37MSeries E2024-08-01N/A Undisclosed Investors25.4%2Ume$15MSeries A2024-09-02N/APayPal Ventures,Clocktower Technology Ventures,NFX,Norte Ve

187、ntures,Big Bets10.4%3Bhub$13MSeries B2024-09-25$160MInternational Finance Corporation,Monashees+,Valor Capital Group,Latitud9.4%4Monkey Exchange$12MSeries B2024-07-12N/A L4VB,Kinea Investimentos,Quona Capital,DEG8.6%5Facio$11MSeries A2024-08-08N/A Monashees+7.7%5Monkey$11MUndisclosed2024-08-04N/A Un

188、disclosed Investors7.6%Africa Trends158Quarterly funding&deals159State of Fintech|Geographic Trends|Africa Trends$22M$75M$63M$123M$158M$69M$1,108M$388M$418M$378M$117M$166M$412M$182M$129M$115M$131M$34MFunding$268M3733364760395764107665054564248282228Deals21020406080100120140$0M$200M$400M$600M$800M$1,

189、000M$1,200MQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage160State of Fintech|Geographic Trends|Africa Trends84%90%90%83%Early-stage,87%5%6%Mid-stage,3%5%Late-stage,4%7%5%7%Other,6%20202021202220232024YTDAfrica:Top equity deals in Q324161State of Finte

190、ch|Geographic Trends|Africa TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of Total Funding1MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgypt58.7%2NALA$40MSeries A2024-07-09N/A Acrew Capital,DST Global,Amp

191、lo,HOF Capital,Norrsken22Kenya14.9%3Paymob$22MSeries B2024-09-11N/AEBRD Venture Capital,A15,British International Investment,FMO,Helios Digital VenturesEgypt8.2%4dopay$14MSeries A2024-07-16N/A Argentem Creek PartnerEgypt5.0%5Yellow Network$10MSeed VC2024-09-17N/AChris Larsen,Consensys,GSR Ventures,G

192、ate Labs,MATH Venture PartnersSeychelles3.7%6Omnisient$8MSeries A2024-08-27N/A AriseSouth Africa2.8%7Lucky$3MConvertible Note2024-08-06N/A Disruptech Ventures,Lorax Capital,KemEgypt1.1%7Lucky$3MConvertible Note2024-08-07N/A Disruptech Ventures,Lorax Capital,KEM VenturesEgypt1.1%7Thalex$3MSeries A202

193、4-08-21N/A Bitfinex,Bitstamp,Flow Traders,Wintermute,IMCSeychelles1.1%10Happy Pay$2MPre-Seed2024-09-17N/A4Di Capital,Entrepreneurs for Entrepreneurs Africa,DotExe Ventures,Equitable Ventures,Felix Strategic InvestmentSouth Africa0.7%10SETTLE$2MPre-Seed2024-09-13N/AShorooq Partners,Acasia Ventures,Pl

194、us VC,Banque Misr,Elsewedy Capital HoldingEgypt0.7%10Synapse Analytics$2MSeries A2024-07-31N/A Hub71,Silicon BadiaEgypt0.7%Quarterly exits162State of Fintech|Geographic Trends|Africa TrendsIPO,05534M&A,3Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Africa:Top investors by company count i

195、n Q324163State of Fintech|Geographic Trends|Africa TrendsInvestorCompany Count Investor GroupCountry1Lorax Capital3Private EquityEgypt2Disruptech Ventures2VCEgypt2Launch Africa2VCMauritius2Nclude2VCEgyptOceania Trends164Quarterly funding&deals165State of Fintech|Geographic Trends|Oceania Trends$217M

196、$365M$96M$455M$460M$473M$576M$346M$348M$131M$191M$244M$149M$69M$44M$269M$7M$241MFunding$100M14191527293947394522262627181218916Deals1901020304050$0.0B$0.1B$0.2B$0.3B$0.4B$0.5B$0.6B$0.7BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage166State of Fintech|

197、Geographic Trends|Oceania Trends57%69%78%75%Early-stage,75%16%12%10%7%Mid-stage,5%19%10%6%12%Late-stage,14%8%8%6%7%Other,7%20202021202220232024YTDOceania:Top equity deals in Q324167State of Fintech|Geographic Trends|Oceania TrendsCompanyRound AmountRoundDateRound Valuation Select InvestorsCountry%of

198、 Total Funding1InDebted$34MSeries C2024-09-24$250MAirTree Ventures,Carthona Capital,Perennial,Premier Capital Partners,Reinventure CapitalAustralia34.4%2Shift$24MSeries D2024-08-26N/A Peak XV PartnersAustralia23.7%3DASH Technology Group$13MSeries A2024-07-01N/A Bailador Investment MangementAustralia

199、13.3%4Rich Data Co$6MSeries B2024-08-05N/A Acorn CapitalAustralia5.9%5EthNano$5MSeed2024-08-05N/A Undisclosed InvestorsAustralia5.0%5PEXX$5MSeed VC2024-07-17N/ATNB Aura,Antler,EMO Capital,Filecoin Base Camp ProgramAustralia4.5%7Bitstaker$4MSeed2024-09-09N/A Undisclosed InvestorsAustralia4.0%8Investo

200、rHub$3MSeries A2024-07-29$22MEquity Venture Partners,Archangel Ventures,Flying Fox VenturesAustralia2.6%8RISE Labs$3MSeed VC2024-09-16N/AFinality Capital Partners,Digital Asset Capital,MH Ventures,Orange DAO,P2 VenturesAustralia3.2%10Fundabl$2MSeed2024-07-24N/A Matt LeibowitzAustralia2.1%Quarterly e

201、xits168State of Fintech|Geographic Trends|Oceania TrendsIPO,0474M&A,5Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Oceania:Top investors by company count in Q324169State of Fintech|Geographic Trends|Oceania TrendsInvestorCompany Count Investor GroupCountry1Anthony Sassano2AngelAustraliaR

202、eport MethodologyYou can download the underlying data found in this report here:https:/ you have questions about the definitions or methodological principles used,or if you feel that your firm has been underrepresented,please reach out to .What is included:Equity financings into private companies on

203、ly.Funding rounds raised by public companies of any kind on any exchange(including Pink Sheets)are excluded from our numbers,even if they received investment from a venture firm.Only includes the investment made in the quarter for tranchedinvestments.If a company does a second closing of its Series

204、B round for$5M and previously had closed$2M in a prior quarter,only the$5M is reflected.Round numbers reflect what has closed,not what is intended.If a company indicates the closing of$5M out of a desired raise of$15M,our numbers reflect only the amount which has closed.Only verifiable fundings are

205、included.Fundings are verified via(1)various federal and state regulatory filings;(2)direct confirmation with firm or investor;(3)press release;or(4)credible media sources.Equity fundings to joint ventures and spinoffs/spinouts are included.Unicorn data includes private companies valued at$1B or mor

206、e in the private markets globally,per the same 4 sources listed above and relied on for funding events,which include valuations disclosed in credible media sources.The list is maintained publicly and updated in real time at https:/ notes:Israel funding figures are classified in Europe.Rounds to priv

207、ate companies that may be majority-or minority-owned subsidiaries of other private companies.Valuation data includes estimates to calibrate median and average valuations based on current and previous quarter disclosed valuations gathered from the aforementioned four sources.The estimating method wil

208、l control for the over-sampling of large rounds that are reported quickly versus a comparative lag in valuations obtained from other sources.Valuation data reflects post-money valuations.Exits include IPOs,SPACs,publicly announced M&A deals,and other liquidity events;only first exits are counted.Hea

209、dquarters are determined by publicly available sources including company-owned websites and profiles,legal filings,and press releases.All figures in the report are in USD.US financing trends follow the combined statistical area(CSA)methodology.Silicon Valley refers to the San Jose-San Francisco-Oakl

210、and CSA.What is excluded:No contingent funding.If a company receives a commitment for$20M subject to hitting certain milestones but first gets$8M,only the$8M is included in our data.No business development/R&D arrangements,whether transferable into equity now,later,or never.If a company signs a$300M

211、 R&D partnership with a larger corporation,this is not equity financing nor is it from venture capital firms.As a result,it is not included.No buyouts,consolidations,or recapitalizations.All three of these transaction types are commonly employed by private equity firms and are tracked by CB Insights

212、.However,they are excluded for the purposes of this report.No private placements.These investments,also known as PIPEs(Private Investment in Public Equities),are not included even if made by a venture capital firm.No debt/loans of any kind(except convertible notes).Venture debt or any kind of debt/l

213、oan issued to emerging,startup companies,even if included as an additional part of an equity financing,is not included.If a company receives$3M with$2M from venture investors and$1M in debt,only the$2M is included in these statistics.No non-equity government funding.Grants or loans by the federal go

214、vernment,state agencies,or public-private partnerships to emerging,startup companies are not included.No fundings to subsidiaries of a larger parent corporation unless that subsidiary is a private entity and meets other criteria for inclusion.Accelerators,incubators,business-plan competitions,economic-development entities are excluded from rankings of most active investors,even if making equity financings.Rankings for top investors are calculated according to“company count,”or the number of unique companies an investor funds in a quarter,and so excludes follow-on deals.170State of Fintech