CB Insights just published its Q1 Global Fintech Report, which paints a picture of a healthy industry on a growth path.
CB Insights Q1 Global Fintech Report paints a picture of a healthy industry on a growth path Click To Tweet
The report covers a wide variety of subsectors that come under the “Fintech” umbrella, including:
Personal finance/wealth management
Institutional/capital markets tech
Some of the report highlights include:
22 fintech unicorns globally valued at $77B: The second most highly valued fintech unicorn in the US, SoFi, raised $500M at a $4.5B valuation. China Rapid Finance, valued at $1B, filed for IPO on the last day of Q1’17.
European burst of fintech investment: At the current pace, Europe fintech deal activity is on pace to top 2016’s total by 57%. In Q1’17, two companies (Atom and Funding Circle) raised $100M+ each (compared to no $50M+ financing rounds in 2016).
US fintech is on pace to see deals, dollars drop in 2017: At the current run rate, US fintech deal activity is on pace to fall below 2013 levels.
Alice Bonasio is a VR Consultant and Tech Trends’ Editor in Chief. She also regularly writes for Fast Company, Ars Technica, Quartz, Wired and others. Connect with her on LinkedIn and follow @alicebonasio and @techtrends_tech on Twitter.