Report: Global Fintech Sector Boom Continues
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Report: Global Fintech Sector Boom Continues

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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:

  • Lending tech
  • Payments/billing tech
  • Personal finance/wealth management
  • Money transfer/remittance
  • Blockchain/bitcoin
  • Institutional/capital markets tech
  • Equity crowdfunding
  • Insurance 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.

 

You can access the full report via CB Insights

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Also published on Medium.