Cbinsights-金融科技狀況2023年第三季度報(bào)告（英）-2023

State

ofFintechGlobal

|

Q3

2023Globaldata

andanalysisondealmaking,funding,andexits

byprivatemarket

fintech

companiesState

ofFintechGuessLess.WinMore.CBInsights

helpsthe

world’s

leadingcompaniesmake

smartertechnologydecisionswithdata,

not

opinion.OurTechnology

Insights

Platformprovidescompanieswithcomprehensive

data,expertinsights,and

workmanagement

toolsthatenable

them

to

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andmake

technology

decisions.????IIISignupfor

afreetrial2PlatformConnectGetintroductionstotheright

technologyproducts,services,and

partners

withoneclick.Noresearch.

Nohassle.RequestademoState

ofFintechMakeyourbrandmoresearchable.Findable.Buyable.

Partnerable.Investable.Business

Intelligence

&AnalyticsComplete

afreeAnalystBriefing

Survey*andgetinfront

ofenterprisetechbuyers,M&Ateams,andinvestors.*Surveytakershaveincreasedtheirleadgeneration3x

onaverage.Applyhere?III????4WithCB

Insights,

youfindtherightinformationinamatterof

seconds.

Analysts

will

alsosendfurther

detailedportfolios,

which

is

reallyvaluableinformation.SelimYukselView

successstory

→VPofInnovation,

Akbank

LABState

ofFintechDigDeeper.CBInsights

clientscan

findandtrackcompaniesusing

ouranalyst-curatedExpertCollections.PaymentsBankingWealth

TechInsurtechDigitalLendingCapitalMarketsTech6State

ofFintech3applicationsofgenerative

AIinfinancialservicesWhy

these

paymentscompanieshave

topcustomersatisfactionscoresOurMost

PopularResearchonFintechESGMarket

Map:115cf

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ReadinessIndex:

Banking-as-a-service(BaaS)

isWho’s

best-positionedfor

theAI

boom?seeingaburstofM&A

andventure

activity.

Howdotheseembeddedfintechprovidersstackup?Analyzing

Visa’sgrowthstrategy200companiesautomatingregulatory

andcomplianceefforts

for

financialinstitutionsTheAIinwealth

managementmarketmapFintech

100:Themostpromisingfintechstartups

of20237State

ofFintechTLDRYourrundownonfintech

in

Q3’23$7.4B

$3.5B

350%

70%Q3’23fintechfunding.Down

3%QoQ.USfintechfundinginQ3'23.Down

5%QoQ.New

unicornsinQ3'23.Flat

QoQ.Jump

in$100M+mega-roundfundinginQ3'23.IncreaseindigitallendingfundingQoQ.Likethepreviousquarter,Q3'23saw3fintechunicornbirths.Thisbroughtthetotalfintechunicorncountto312.Fintech

fundingfell3%QoQtohit$7.4BinQ3’23,levelingoffafterseeingsharpdeclinesinmostquarterssincetheendof2021.

Meanwhile,dealcountfellby18%QoQ.USfintechsdrovealmosthalf

(47%)

ofall

quarterlyfintechfundinginQ3’23.Asia

followedwith27%ofthequarterly

total.Fintech

mega-roundDigital

lendingsawthelargest

fundingjumpinQ3’23.Itwasfollowedbyinsurtech(+22%).fundingrose50%QoQtohit$2.4B

across14

dealsinQ3’23.DespitetheNewentrantsto

thefintechunicornclubinclude

US-based

cryptocustodyplatform

BitGo($1.8Bvaluation),

Asia-basedmicrofinanceplatformMicro

Connect($1.7B),andUS-basedinsurtechKin($1B).upwardtrajectory,

thismarkedfintech’ssecondlowestquarter

formega-roundfundingsince2016.Digital

lending’sfundingboost

wasdriveninpart

bymega-rounds,whichbroughtinmorethanhalfofthe

sector’squarterlyfunding.India-baseddataanalyticssolutionPerfiosraisedthelargestdigitallendinground($229MSeriesD).WhileUSfintech

fundingdroppedby5%QoQtohit$3.5B

inQ3’23,Asia-Thefintechfundingstabilization

wassupported

by$100M+mega-rounds,whichaccountedfor33%offunding($2.4B)inQ3’23.Asia

surpassed

theUSinmega-roundfunding,securing$1.1Bacross5deals.The

USraised

$1Bacross7mega-rounds.based

fintechssawfundingjump82%toreach$2B.The

majority

ofAsia’stop10dealswenttodigitallendingcompanies.See

thedata→See

thedata→See

thedata→See

thedata→See

thedata→8State

ofFintechContentsGlobalTrendsInvestment

TrendsUnicornsExit

TrendsInvestors1011354147Geographic

TrendsUS106LatAmBrazilAfrica175181185107113117121125SiliconValleyNew

YorkLosAngelesBostonCanadaAsia129CollectionSpotlightsPaymentsBankingDigitalLendingWealthTechInsurtech51526170798897135141145149153ChinaIndiaSingaporeJapanEurope157163167171CapitalMarkets

TechUnited

KingdomGermanyFrance9GlobalTrends10Investment

Trends11State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal

fintechfunding

reaches$30.5B

across

2,849

deals

in2023

YTD6,0465,8854,0133,959Deals2,849Funding$30.5B$49.0B$50.5B$140.8B$77.5B20192020202120222023YTD12State

ofFintech

|

Global

Trends

|

Investment

TrendsFundingfalls

byjust3%QoQ

whiledeals

seean

18%drop1,9021,5871,5671,4811,4431,4491,3661,1801,1491,1361,0501,0411,033959938930915872Deals754Funding$7.4B$13.8B$11.6B$11.7B$11.9B$11.8B$12.2B$13.3B$13.2B$28.3B$38.0B$35.9B$38.7B$31.3B$22.1B$13.8B$10.3B$15.5B$7.6BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202313State

ofFintech

|

Global

Trends

|

Investment

TrendsTheUSleads

inquarterly

funding

and

deals

inQ3’23Canada$0.1B15DealsAsia$2.0BEurope$1.3B167

DealsUS181

Deals$3.5B310

DealsAfrica$0.1B32DealsAll

Other

Regions$8MLatAm6Deals$0.3B31DealsOceania$66M12Deals14State

ofFintech

|

Global

Trends

|

Investment

TrendsUSquarterlydealshareincreases

5percentage

points

QoQAllOtherRegions,1%Oceania,2%Africa,4%Canada,2%LatAm,4%Europe,24%5%5%7%6%5%7%8%6%5%7%6%6%7%7%7%8%9%8%24%24%21%24%28%24%24%23%23%20%23%24%25%24%24%22%27%22%24%Asia,22%US,41%19%29%22%23%26%24%21%27%25%25%23%23%24%26%24%21%36%23%42%39%39%39%39%36%36%37%37%38%38%35%38%38%37%34%34%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202315State

ofFintech

|

Global

Trends

|

Investment

TrendsVCslead

inquarterlydealsharein

Q3'236%6%5%6%7%6%Incubator/Accelerator,5%PrivateEquity,5%CVC,8%7%8%6%7%7%8%5%9%9%5%9%9%10%10%11%11%11%9%14%8%6%8%7%9%9%8%8%9%7%9%8%9%8%7%9%7%9%8%8%9%7%Corp,10%10%10%9%9%10%9%8%9%10%12%10%10%10%10%7%9%7%9%Asset/Investment

Management,11%10%8%11%14%10%13%9%12%13%13%13%10%13%10%11%7%8%10%12%11%13%10%12%10%19%11%11%19%Angel,12%Other,22%11%10%13%15%19%19%20%18%16%18%32%18%15%17%19%17%17%16%16%15%32%33%33%33%32%32%32%32%31%30%31%30%30%30%30%29%29%VC,28%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202316State

ofFintech|

Global

Trends

|

Investment

TrendsDigital

lending

leads

in

funding,

insurtechleads

indeals

inQ3'2324dealsCapitalMarketsTech$0.3B119dealsInsurtech$1.1B60dealsDigitalLending$1.7B33dealsWealthTech$0.2B20dealsBanking$0.3B73dealsPayments$1.1BDealsFunding17State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal

average

andmedian

dealsizetickdown

in2023

YTDAverageDealSizeMedianDealSize$29.3M$17.5M$16.8M$17.0M$14.1M$4.8M$4.0M$3.4M$3.2M$3.3M201920212023YTD201920212023YTD18State

ofFintech

|

Global

Trends

|

Investment

TrendsLatAmistheonlyregion

thatsees

median

dealsizegrowth

in2023

YTDUSAsiaEuropeLatAmCanadaAfricaOceania$5.0M$4.9M$4.2M$4.0M$3.7M$3.2M$3.2M$3.6M$3.2M$3.0M$2.8M$2.7M$2.3M$2.0M$2.3M$2.3M$1.9M$1.1M$1.2M$0.6M$0.2M201920212023YTD201920212023YTD201920212023YTD201920212023YTD201920212023YTD201920212023YTD201920212023YTD19State

ofFintech

|

Global

Trends

|

Investment

TrendsMedian

dealsizefalls

for

allinvestor

categoriesAngelAsset/InvestmentManagementCVCCorpPrivateEquityVC$22.0M$20.0M$15.2M$14.0M$12.0M$10.0M$10.0M$10.0M$9.1M$8.2M$8.0M$6.8M$6.3M$6.0M$4.0M$5.6M$3.0M$3.5M201920212023YTD201920212023YTD201920212023YTD201920212023YTD201920212023YTD201920212023YTD20State

ofFintech

|

Global

Trends

|

Investment

TrendsMega-round

funding

jumps50%QoQ,

deals

areup17%inQ3'2310710010082715631313029272523222220Funding$2.4B1612Deals14$8.1B$6.0B$4.8B$5.5B$6.2B$5.8B$7.2B$5.2B$18.0B$25.3B$22.8B$25.8B$17.6B$10.1B$4.7B$3.6B$9.2B$1.6BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202321State

ofFintech

|

Global

Trends

|

Investment

TrendsAsialeads

inmega-round

funding

inQ3’23Asia$1.1BEurope$0.2B5DealsUS1Deal$1.0B7DealsLatAm$0.1B1Deal22State

ofFintech

|

Global

Trends

|

Investment

TrendsTheUS,Asia,andLatAmsee

aslightincrease

in

mega-round

dealsUS,7Asia,5LatAm,1Europe,1Oceania,0Africa,0Canada,0AllOtherRegions,0765211662118756321Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202323State

ofFintech

|

Global

Trends

|

Investment

TrendsMega-rounds

accountfor

33%of

total

funding

inQ3'2333%33%36%37%41%41%44%46%48%47%52%54%54%59%61%65%Non-mega-rounds,67%66%78%67%67%64%63%59%59%56%54%52%53%48%46%46%41%39%35%Mega-rounds,33%34%22%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202324State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

equity

deals

inQ3’23RoundDate%ofTotalFundingCompanyRound

Amount$458M$300M$229M$206M$168M$150M$150M$146M$124MRound

Valuation

Select

InvestorsCountrySeriesC2023-08-02MicroConnectRamp123456689$1.7B

Undisclosed

InvestorsHong

KongUnited

StatesIndia6.2%4.0%3.1%2.8%2.3%2.0%2.0%2.0%1.7%SeriesD2023-08-22SandsCapital,

Thrive

Capital,

General

Catalyst,

FoundersFund$5.8BSeriesD2023-09-11Perfios$900M

Kedaara

CapitalUndisclosed2023-09-13AmarthaN/A

International

Finance

CorporationN/A

Goldman

Sachs

Asset

Management,

CitibankIndonesiaUndisclosed2023-09-20FleximizeAlphaSensePayJoyUnited

KingdomUnited

StatesUnited

StatesIndiaSeriesE2023-09-28Bond,

CapitalG,

Goldman

Sachs,

Viking

Global

Investors,BAM

Elevate$2.5BSeriesC2023-07-13Warburg

Pincus,

Greylock

Partners,

Union

SquareVentures,

Citi

VenturesN/ASeriesF2023-07-05Multiples

Alternate

Asset

Management,

AvendusN/AVeritas

FinanceTeamsharesCapital,

International

Finance

CorporationSeriesD2023-08-18QEDInvestors,

Spark

Capital,

Union

Square

Ventures,Inspired

Capital,

Khosla

Ventures$784MUnited

States25State

ofFintech

|

Global

Trends

|

Investment

TrendsDeal

shareremains

stable

acrossstages

in

2023

YTD8%7%9%8%Other,10%11%11%11%11%Late-stage,8%Mid-stage,10%11%14%14%13%72%Early-stage,71%67%68%65%20192020202120222023YTD26State

ofFintech

|

Global

Trends

|

Investment

TrendsTheUSleads

indealshareacrossstages

in

Q3’23USAsiaEuropeLatAmCanadaAfricaOceaniaAllOtherRegionsEarly-stageMid-stageLate-stageOther38%21%27%5%5%49%23%19%40%30%21%51%20%18%27State

ofFintech

|

Global

Trends

|

Investment

TrendsMedian

dealsizeisdown

acrossallstages

in

2023

sofarEarly-stageMid-stageLate-stage$96.0M$45.5M$40.0M$40.0M$38.1M$31.8M$27.1M$21.5M$18.6M$20.0M$2.5M$2.0M$2.0M$2.8M$2.7M201920212023YTD201920212023YTD201920212023YTD28State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

seed/angel

deals

inQ3’23RoundDateCompanyIngsaiFinanceExacterahiRound

Amount$80M$33M$30M$30M$25M$25M$25M$19M$17M$16MSelect

InvestorsCountrySeed2023-08-2912Grong

CapitalUnited

StatesUnited

StatesLithuaniaSeedVC2023-07-16InsightPartners,

Savant

GrowthSeedVC2023-07-273Animoca

BrandsAngel2023-09-27Slope3SamAltmanUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

Arab

EmiratesSeedVC2023-09-18BastionJada5A16z

Crypto,

Alchemy

Ventures,

Aptos,

Autograph,

Laser

DigitalSeed2023-08-175LDACapitalSeedVC2023-09-07ZeebuCymbalIYK5Bankai

VenturesPatronSeedVC2023-07-208SeedVC2023-09-289A16z

CryptoSeed2023-07-20Jungle10Undisclosed

Investors29State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

SeriesAdeals

inQ3’23RoundDateCompanyRound

Amount$33M$29M$28M$28M$28M$27M$27M$27M$25M$25M$25MSelect

InvestorsCountrySeriesA2023-08-17LeftLaneCapital,

YCombinator,

Global

Founders

Capital,

Olive

Tree

Capital,ZroskLemFi12333666999United

KingdomUnited

StatesNigeriaSeriesA2023-07-20CollectlyMooveSapphire

Ventures,

Cabra

VC,

YCombinator,

Burst

Capital,

DavidovsMubadala

Investment

CompanySeriesA2023-08-10SeriesA2023-07-17RunwayInitialized

Capital,

Elad

Gil,

Jason

TanYuanHao

Capital,

Hexiang

GroupUnited

StatesChinaSeriesA2023-07-04SaoyasaoAlternativCompanion

ProtectZetaChainClairSeriesA2023-09-27Undisclosed

InvestorsUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

StatesSeriesA2023-08-25Avanta

Ventures,

Liberty

Mutual

Insurance,

Old

Republic

International,

StrayDog

CapitalSeriesA2023-08-16B,

CMTDigital,

Foundation

Capital,

GSRVentures,

HumanCapitalSeriesA2023-07-06Thrive

Capital,

Upfront

Ventures,

Kairos

HQSeriesA2023-09-27Kleiner

Perkins

Caufield

&Byers,

DayOne

Ventures,

Pear

VC,

WischoffVenturesSeriesSeriesA2023-07-19Polychain

Capital,

Qiming

Venture

Partners,

CoinFund,

SevenX

Ventures,Alliance

DAOp0xlabs30State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

SeriesBdeals

inQ3’23RoundDateCompanyRound

Amount$78M$61M$52M$50M$50M$49M$40M$40M$40M$37MSelect

InvestorsCountrySeriesB2023-08-29BankofTokyo-Mitsubishi

UFJ,Bessemer

Venture

Partners,

Citi

Ventures,

SIGVentureCapitalLentra12IndiaSeriesB2023-08-22Tiger

Global

Management,

Spark

Capital,

Abstract

Ventures,

Globo

Ventures,Monashees+NomadPerennaCollectiveCredgenicsBunqUnited

StatesUnited

KingdomUnited

StatesIndiaSeriesB2023-09-273Silverstripe,

IAGCapital

PartnersSeriesB2023-07-114Better

Tomorrow

Ventures,

Expa,

General

Catalyst,

Gradient

Ventures,

Innovius

CapitalAccel,

WestBridge

Capital,

Beams

Fintech

Fund,Tanglin

VenturesPollen

Street

CapitalSeriesB2023-08-094SeriesB2023-07-246NetherlandsUnited

StatesUnited

StatesFranceSeriesB2023-07-19Karat7SignalFire,

GGV

Capital,

Union

Square

Ventures,

CRV,

Commerce

VenturesAdditionSeriesB2023-09-29OneChronosSwan7SeriesB2023-09-137Lakestar,

Accel,

Bpifrance,

CreandumSeriesB2023-08-04Rialtic10F-Prime

CapitalUnited

States31State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

SeriesCdeals

in

Q3’23RoundDateCompanyRound

Amount$458M$150M$100M$71MSelect

InvestorsCountrySeriesC2023-08-02MicroConnectPayJoyBitGo12Undisclosed

InvestorsHong

KongSeriesC2023-07-13Warburg

Pincus,

Greylock

Partners,

Union

Square

Ventures,

Citi

Ventures

United

StatesSeriesC2023-08-163Undisclosed

InvestorsUnited

StatesSeriesC2023-09-21Curve4Cercano

Management,

IDC

Ventures,

Outward

VC,

Britannia,

Cohen

Circle

United

KingdomSeriesC2023-08-11TheRiseFund,Alumni

Ventures,

Bain

&Company,

Clearvision

Ventures,ENEOSInnovation

PartnersPersefoniFinda$50M5United

StatesSeriesC2023-07-26$37M6500Global,

JBFinancial

GroupSouth

KoreaSingaporeIsraelSeriesC2023-08-08Lightspeed

Venture

Partners,

EDBI,ProsusVentures,

SingTel

Innov8,

CitiVenturesEndowusWINT$35M7SeriesC2023-07-10$35M7INVENCapital,

InsightPartners,

Taronga

VenturesSeriesC2023-07-06Qover$30M9Alven

Capital,

Anthemis,

Zurich

Global

Ventures,

Kreos

CapitalFinTLV,BlackFin

Capital

Partners,

Guidewire

SoftwareBelgiumFranceSeriesC2023-07-01Akur8$27M1032State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

SeriesDdeals

in

Q3’23RoundDateCompanyRound

Amount$300M$229M$124M$100M$100M$75MRound

Valuation

Select

InvestorsCountrySeriesD2023-08-22Ramp12$5.8B

SandsCapital,

Thrive

Capital,

General

Catalyst,

Founders

Fund

United

StatesSeriesD2023-09-11Perfios$900M

Kedaara

CapitalIndiaSeriesD2023-08-18QEDInvestors,

Spark

Capital,

Union

Square

Ventures,

InspiredCapital,

Khosla

VenturesTeamsharesOpenly3$784MN/AUnited

StatesUnited

StatesUnited

StatesSouth

KoreaMexicoSeriesD2023-09-21EdenGlobal

Partners,

Clocktower

Technology

Ventures,Gradient

Ventures,

Triniti

Capital4SeriesD2023-08-07Intact

Ventures,

General

Catalyst,

Lightspeed

Venture

Partners,Founders

FundResilienceKoreaCredit

DataAlbo4$826MSeriesD2023-08-246$981M

Morgan

StanleySeriesD2023-09-27$40M7N/A

Morpheus

Ventures,

NAZCA,

Valar

VenturesN/A

Dai-ichi

LifeHoldingsSeriesD2023-07-18RenewBuyKin$40M7IndiaSeriesD2023-09-13QEDInvestors,

Alpha

Edison,

Geodesic

Capital,

Hudson$1.0B$33M9United

StatesUnited

StatesStructured

Capital

Management,

Allegis

CapitalSeriesD2023-07-19LendBuzz$24M10$1.1B

83North,

O.G.

Tech33State

ofFintech

|

Global

Trends

|

Investment

TrendsGlobal:

Top

SeriesE+deals

inQ3’23RoundDateCompanyRound

Amount$150M$146M$100M$70M$65M$42M$40M$22M$5MRound

Valuation

Select

InvestorsCountrySeriesE2023-09-28AlphaSenseVeritas

FinanceGojo&CompanyTradeshiftTractable12$2.5B

Bond,

CapitalG,

Goldman

Sachs,

Viking

Global

Investors,

BAMElevateUnited

StatesIndiaSeriesF2023-07-05Multiples

Alternate

Asset

Management,

Avendus

Capital,

InternationalFinance

CorporationN/ASeriesE2023-08-173N/A

Global

Brain,

Globis

Capital

PartnersJapanSeriesH2023-08-01HSBC,

Fuel

Venture

Capital,

IDCVentures,

LUN

Partners

Capital,

NotionCapital4N/AUnited

StatesUnited

KingdomGermanySeriesE2023-07-185N/A

SoftBank,

Insight

Partners,

Georgian$1.6B

Undisclosed

InvestorsSeriesF2023-07-11Solaris6SeriesE2023-09-12BeamBenefitsSafetyCultureSnapsheetiYell7N/A

GeorgianUnited

StatesAustraliaSeriesE2023-08-148$1.8B

Marbruck

Investments,

Morpheus

Ventures,

IndexVenturesSeriesE2023-07-17F-PrimeCapital,

Lightbank,

PingAnGlobal

Voyager

Fund,Tola

Capital,Regeneration.VC9$312MUnited

StatesJapanSeriesE2023-07-31$3M10N/A

ZenkokuHosho34Unicorns35State

ofFintech

|

Global

Trends

|

UnicornsUnicorn

birthsremain

at

3inQ3’23311308309303TotalUnicorns,3126723NewUnicorns,3Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202336State

ofFintech

|

Global

Trends

|

UnicornsTheUSaccountsfor2ofthe3newunicorns

inQ3'23Canada70NewAsia511NewEurope65US0New1622NewAfrica40NewLatAm210NewOceania20New37State

ofFintech

|

Global

Trends

|

UnicornsAsiasees

firstunicorn

birthsinceQ4’22

inQ3'23US,2Asia,1Oceania,0Africa,0Canada,0LatAm,0Europe,0AllOtherRegions,04321112121Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202338State

ofFintech

|

Global

Trends

|

UnicornsGlobal:

Top

unicornbirthsinQ3’23CompanyLatest

Valuation

CountryBitGo$1.8B1United

StatesMicroConnect$1.7B$1.0B2Hong

KongKin3United

States39State

ofFintech

|

Global

Trends

|

UnicornsGlobal:

Top

unicornsbyvaluation

in

Q3’23CompanyLatest

Valuation

CountryStripe$50.0B1United

StatesRevolut$33.0B$25.0B$15.0B$14.0B$12.7B$12.6B$12.3B$12.0B$11.3B2United

KingdomUnited

StatesUnited

StatesUnited

KingdomUnited

StatesUnited

StatesUnited

StatesUnited

StatesUnited

StatesChime3Ripple4B5Plaid6DevotedHealth7Brex8Deel9Rippling1040Exit

Trends41State

ofFintech

|

Global

Trends

|

ExitTrendsM&Aexits

dip6%QoQ,

IPOs

andSPACstickup178168152144M&A,1355451IPO,9SPAC,334Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202342State

ofFintech

|

Global

Trends

|

ExitTrendsTheUSleads

inglobal

exit

shareinQ3’23AllOtherRegions,1%Oceania,3%Africa,3%Canada,1%LatAm,8%5%8%8%7%5%7%9%5%6%6%5%6%5%5%6%5%5%5%8%34%9%10%31%9%9%9%30%9%8%33%12%36%33%32%27%8%35%Europe,30%Asia,17%36%9%31%9%32%30%18%31%10%31%10%39%11%35%35%10%8%46%Q116%38%17%17%15%16%12%46%44%43%41%40%41%41%40%US,36%36%36%35%36%34%35%34%34%Q1Q2Q3Q4Q1Q2Q3Q4Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202343State

ofFintech

|

Global

Trends

|

ExitTrendsGlobal:

Top

M&Aexits

inQ3’23CompanyRound

Valuation

AcquirerCountryBurgissSilverfinMDsaveFriday

FinanceUplift$1.1B

MSCI1234567899United

StatesBelgium$318M

Visma$150M

TendoUnited

StatesGermany$108M

Pliant$100M

Upgrade$76M

Trustly

Group$60M

Fresh2United

StatesFranceSlimPayRoxeUnited

StatesAustraliaStockspotTerraZerodelt.ai$34M

MiraeAsset

Global

Investments$20M

BIGG

Digital$20M

AlboCanadaMexico44State

ofFintech

|

Global

Trends

|

ExitTrendsGlobal:

Top

IPOsinQ3’23CompanyRound

Valuation

Country4Paradigm$3.8B1ChinaCABPayments$927M2United

KingdomYondervision$87MChina345State

ofFintech

|

Global

Trends

|

ExitTrendsGlobal:

Top

SPACsin

Q3’23CompanyRound

Valuation

Select

InvestorsCountryBetter$7.7B1Aurora

AcquisitionUnited

StatesRoadzen$965M2Vahanna

Tech

EdgeAcquisition

ICorpUnited

States46Investors47State

ofFintech

|

Global

Trends

|

InvestorsGlobal:

Top

investors

bycompanycountinQ3’23InvestorCompanyCount

Investor

GroupCountry500Global97751224VCVCVCVCUnited

StatesUnited

StatesUnited

StatesUnited

StatesQED

InvestorsUnionSquareVenturesCommerceVentures48State

ofFintech

|

Global

Trends

|

InvestorsGlobal:

Top

VCsbycompanycountin

Q3’23InvestorCompanyCount

Country500Global91United

StatesQED

Investors7752United

StatesUnited

StatesUnited

StatesUnionSquareVentures2CommerceVentures449State

ofFintech

|

Global

Trends

|

InvestorsGlobal:

Top

CVCsbycompanycountinQ3’23InvestorCompanyCount

CountryBinanceLabs41United

StatesCiti

Ventures44433331United

StatesUnited

StatesSeychellesUnited

StatesChinaCoinbase

Ventures1OKXVentures1AvantaVentures5KuCoinVentures5MassMutual

Ventures5United

StatesSingaporeUOB

VentureManagement550Collection

Spotlights51Payments52State

ofFintech

|

Collection

Spotlights

|

PaymentsFundingdrops39%QoQ

toarecent

low,deals

drop52%359321321276240226204201196188179178170161156152153144Deals73Funding$1.1B$5.1B$3.1B$3.3B$4.4B$4.7B$3.1B$4.3B$2.6B$7.4B$10.0B$8.6B$11.4B$8.2B$4.9B$4.1B$2.8B$8.1B$1.8BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202353State

ofFintech

|

Collection

Spotlights

|

PaymentsTheUSleads

inquarterly

payments

funding

inQ3'23Canada$3M3DealsAsia$67M15DealsEurope$0.2BUS11Deals$0.8B33DealsAfrica$14M4DealsAll

Other

Regions$0.0MLatAm1Deal$38M5DealsOceania$10M1Deal54State

ofFintech

|

Collection

Spotlights

|

PaymentsTheUScontinues

tolead

inpayments

dealshare,Asiaand

EuropefollowAllOtherRegions,1%5%7%Oceania,1%Africa,5%Canada,4%LatAm,7%6%7%5%5%7%8%6%6%7%5%7%7%9%7%6%7%8%6%9%9%9%10%11%11%28%27%26%28%20%18%21%22%27%Europe,15%Asia,21%18%23%26%23%20%27%22%22%26%18%26%20%28%16%28%22%16%27%31%22%27%25%29%23%32%28%25%US,45%39%38%38%39%37%38%39%35%35%35%34%34%36%33%34%33%31%31%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32019202020212022202355State

ofFintech

|

Collection

Spotlights

|

PaymentsAverage

dealsizeisupin2023

sofar,

median

dealsizeremainsthesameAverageDealSizeMedianDealSize$41.6M$33.4M$33.2M$26.5M$24.0M$6.8M$5.6M$4.5M$4.5M$4.5M201920212023YTD201920212023YTD56State

ofFintech

|

Collection

Spotlights

|

PaymentsEarly-stage

dealsharedominates

in2023

sofar6%Other,8%8%8%9%Late-stage,9%14%10%12%17%Mid-stage,13%14%14%18%20%Early-stage,71%68%66%61%55%20192020202120222023YTD57State

ofFintech

|

Collection

Spotlights

|

PaymentsPayments:

Top

equity

deals

inQ3’23RoundDate%ofTotalFundingCompanyRampRound

Amount$300M$150M$71MRound

Valuation

Select

InvestorsCountrySeriesD2023-08-22SandsCapital,

Thrive

Capital,

General

Catalyst,

FoundersFund12$5.8BN/AUnited

StatesUnited

StatesUnited

KingdomUnited

StatesUnited

StatesUnited

KingdomUnited

StatesUnited

StatesUnited

StatesGermany26.3%13.2%6.3%6.1%3.2%2.9%2.6%2.6%2.5%2.5%SeriesC2023-07-13Warburg

Pincus,

Greylock

Partners,

Union

SquareVentures