CBInsights have just released their Global FinTech report covering global financial technology investment trends, top deals, active investors and corporate activity through the end of 2016. A great read to understand where is FinTech going.
Key highlights of the report via CBInsights:
- FinTech investment fell 13% y-o-y:
VC-Backed FinTech companies raised USD12.7bn across 836 deals in 2016.
VC-backed fintech companies saw both deals and dollars retreat in 2016 from 2015’s highs. On a year-over-year basis, funding to VC-backed fintech companies fell 13% and deals dropped 1%.
- A world full of unicorns: 22 FinTech unicorns globally valued at USD 74bn
There are 22 fintech unicorns globally valued at USD 74bn in aggregate. The US counts 11 of the 22 companies, Asia counts 7 (not including the financial affiliates of China internet juggernauts JD.com and Alibaba) and Europe counts 4.
- 500 Startups, New Enterprise Associates and General Catalyst Partners were the most active VC-investors in FinTech in 2016
The list also included several fintech-focused venture firms including Ribbit Capital, QED Investors and Nyca Partners.
- Europe FinTech deal activity reaches 5-year high but value fell 25% y-o-y
In 2016, European VC-backed FinTech companies raised USD 1.2bn across 179 deals. While funding fell 25% on a year-over-year basis, European fintech deals rose 11% in 2016 and 124% compared to 2011’s total.