Q2 2024 Quarterly Fintech Insights 1728062530
Q2 2024 Quarterly Fintech Insights 1728062530
FT 2024 FinTech
Partners Insights
Research | July 2024
Q2 2024 QUARTERLY
FINTECH INSIGHTS
FT Partners – Focused Exclusively on FinTech
Overview of FT Partners
‒
Q2 2024 FinTech Insights
Table of Contents
FT Partners Research
1. Executive Summary
FT PARTNERS RESEARCH 5
FT PARTNERS Q2 2024 FINTECH INSIGHTS
Executive Summary Q2 2024 Total Deal Activity (Financing, M&A & IPO)
$57.4 1,349
billion in volume transactions
47% 25%
Y-o-Y Y-o-Y
13% * 8%
Q-o-Q Q-o-Q
$14.1 994
billion in volume transactions
32% 25%
Y-o-Y Y-o-Y
52% 3%
Q-o-Q Q-o-Q
Q2 2024 M&A
$42.3 348
billion in volume transactions
50% 27%
Y-o-Y Y-o-Y
4% * FT PARTNERS RESEARCH
22% 6
Q-o-Q Q-o-Q
Q2 2024 FinTech Insights
Executive Summary (cont.)
Financing Activity
• •
•
•
• •
• •
•
•
•
Q2 2024 FinTech Insights
Executive Summary (cont.)
M&A Activity
• •
• •
•
Q2 2024 FinTech Insights
FT Partners Research
2. Q2 2024 Highlights
Q2 2024 FinTech Insights
Q2 2024 Highlights
$20 0.0
$15 0.0
$10 0.0
$50 .0
$0. 0
Q2 2024 FinTech Insights
Q2 2024 Highlights (cont.)
$60 .0
$50 .0
$40 .0
$30 .0
$20 .0
$10 .0
$0. 0
Q2 2024 FinTech Insights
Q2 2024 Highlights (cont.)
$40 .0
$35 .0
$30 .0
$25 .0
$20 .0
$15 .0
$10 .0
$5. 0
$0. 0
Q-o-Q
Growth
Y-o-Y
Growth
# of $500 mm+
Deals
Q2 2024 FinTech Insights
Q2 2024 Highlights (cont.)
Q-o-Q
Growth
Y-o-Y
Growth
Q2 2024 FinTech Insights
Q2 2024 Highlights (cont.)
25. 0
20. 0
15. 0
10. 0
5.0
0.0
Q2 2024 FinTech Insights
Q2 2024 Highlights (cont.)
$35 .0
$30 .0
$25 .0
$20 .0
$15 .0
$10 .0
$5. 0
$0. 0
Q2 2024 FinTech Insights
FT Partners Research
3. FinTech Financing
Q2 2024 FinTech Insights
FinTech Financing Statistics
$14 0.0
$12 0.0
$10 0.0
$80 .0
$60 .0
$40 .0
$20 .0
$0. 0
Q2 2024 FinTech Insights
FinTech Financing Statistics (cont.)
25
20
15
10
0
Q1 ’21 Q2 ’21 Q3 ’21 Q4 ’21 Q1 ’22 Q2 ’22 Q3 ’22 Q4 ’22 Q1 ’23 Q2 ’23 Q3 ’23 Q4 ’23 Q1 ’24 Q2 ’24
Average # of
$50 mm+
Financings
10 14 14 15 15 11 5 4 4 4 3 3 3 4
Per Week:
Q2 2024 FinTech Insights
FinTech Financing Statistics (cont.)
New FinTech Unicorns Announced in Q2 2024: Valuations ($ in mm) Other Unicorn Valuation Changes Announced in Q2 2024
AFRICA 43 2% $222 1%
OCEANIA 28 1% $586 3%
Q2 2024 FinTech Insights
FinTech Financing Activity By Selected Region – Dollar Volume
$14 .0 $14 .0
$14 .0
$12 .0 $12 .0
$12 .0
$10 .0 $10 .0
$10 .0
$8. 0 $8. 0
$8. 0
$6. 0 $6. 0
$6. 0
$4. 0 $4. 0
$4. 0
$2. 0 $2. 0
$2. 0
$0. 0 $0. 0
$0. 0
$6. 0
$5. 0
$4. 0
$3. 0
$2. 0
$1. 0
$0. 0
Q2 2024 FinTech Insights
Selected Sector & Sub-Sector Financing Activity Highlights in Q2 2024
Q2 2024 FinTech Insights
Selected Sector & Sub-Sector Financing Activity Highlights in Q2 2024 (cont.)
Q2 2024 FinTech Insights
FT Partners Research
4. Investor Activity
Q2 2024 FinTech Insights
Most Active FinTech Investors
23
23
22
22 SWAP
Robot Ventures 22
19
18
17
17
39
23
21
17
17
16
14
13
13
12
Ranked by number of new investments in H1 2024
Q2 2024 FinTech Insights
Most Active FinTech Investors (cont.)
28 23 5 43 39 4
26 19 7 24 23 1
23 23 0 22 21 1
23 22 1 20 17 3
23 22 1 20 16 4
Robot Ventures 23 22 1 18 13 5
21 17 4 17 17 0
20 17 3 15 14 1
20 12 8 15 12 3
19 18 1 13 13 0
19 15 4 12 10 2
10 3 7 7 4 3
8 7 1
6 6 0
8 3 5
6 5 1
7 2 5
6 5 1
6 6 0
5 5 0
6 5 1
4 4 0
6 5 1
4 3 1
6 2 4
6 2 4 4 2 2
6 1 5 4 1 3
$1,200 36 41 46 98 71 15 13
Total by Quarter
50
$1,000
Sequoia Capital split
45
$800
India/Southeast Asia
35
businesses in 2023
30
$600 25
20
$400 15
10
$200 5
$0
Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ’24 '23 '23 '23 '23 '24 '24
$1,000 45
40
$800 35
30
$600 25
20
$400 15
10
$200 5
$0 Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ‘24 '23 '23 '23 '23 '24 '24
Q2 2024 FinTech Insights
Most Active FinTech Investors (cont.)
Total by Quarter
$1,200 22 23 15 75 61 35 20 40
35
$1,000
30
$800 25
20
$600 15
$400
10
$200 0
$0
Q1 Q2 Q3 Q4 Q1 Q2
'23 '23 '23 '23 '24 '24
2018 2019 2020 2021 2022 2023 H1 ’24
4 20 28 72 68 21 3 Total by Quarter
40
$400
35
30
25
20
$200 15
10
$0 Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ‘24 '23 '23 '23 '23 '24 '24
Q2 2024 FinTech Insights
Most Active FinTech Investors (cont.)
Total by Quarter
$1,000 35
$800
30
25
$600 20
15
$400 10
$200
0
$0 Q1 Q2 Q3 Q4 Q1 Q2
'23 '23 23 '23 '24 '24
2018 2019 2020 2021 2022 2023 H1 ’24
Total Round Size
($ in mm)
$1,200
10 22 14 78 37 6 3 Total by Quarter
$1,000 40
35
$800 30
25
$600 20
$400
15
10
$200 5
$0 Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ’24 '23 '23 '23 '23 '24 '24
Q2 2024 FinTech Insights
Most Active FinTech Investors (cont.)
15 18 23 48 43 28 16 40
Total by Quarter
$400 35
30
25
20
$200 15
10
$0 Q1 Q2 Q3 Q4 Q1 Q2
'23 '23 '23 '23 '24 '24
2018 2019 2020 2021 2022 2023 H1 ’24
17 15 38 69 51 14 15 Total by Quarter
40
$400
35
30
25
20
$200 15
10
$0 Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ’24 '23 '23 '23 '23 '24 '24
Q2 2024 FinTech Insights
Most Active FinTech Investors (cont.)
14 15 20 31 35 34 18 40
Total by Quarter
$400 35
30
25
20
$200 15
10
$0 Q1 Q2 Q3 Q4 Q1 Q2
'23 '23 '23 '23 '24 '24
2018 2019 2020 2021 2022 2023 H1 ’24
6 11 14 72 92 35 20 Total by Quarter
40
$400
35
30
25
20
$200 15
10
$0 Q1 Q2 Q3 Q4 Q1 Q2
2018 2019 2020 2021 2022 2023 H1 ’24 '23 '23 '23 '23 '24 '24
Q2 2024 FinTech Insights
FT Partners Research
5. FinTech M&A
Q2 2024 FinTech Insights
FinTech M&A Statistics
$14 0.0
$12 0.0
$10 0.0
$80 .0
$60 .0
$40 .0
$20 .0
$0. 0
Q2 2024 FinTech Insights
FinTech M&A Statistics (cont.)
400
350
300
250
200
150
100
50
-
Q2 2024 FinTech Insights
FinTech M&A Statistics
$35 0.0
$30 0.0
$25 0.0
$20 0.0
$15 0.0
$10 0.0
$50 .0
$0. 0
II
Q2 2024 FinTech Insights
FinTech M&A Statistics (cont.)
1,60 0
1,40 0
1,20 0
1,00 0
800
600
400
200
-
Q2 2024 FinTech Insights
FinTech M&A Statistics (cont.)
Average Median
$1, 600.0
500
450
$1, 400.0
400
$1, 200.0
350
$1, 000.0
300
$80 0.0
250
200
$60 0.0
150
$40 0.0
100
$20 0.0
50
$0. 0
0
Q2 2024 FinTech Insights
FinTech M&A Statistics (cont.)
$14 0,000 .0 30
$12 0,000 .0
25
$10 0,000 .0
20
$80 ,000.0
15
$60 ,000.0
10
$40 ,000.0
$20 ,000.0
$0. 0
-
Q2 2024 FinTech Insights
FinTech SPAC Mergers in H1 2024
Total EV
($ in mm) Closed Pending Cancelled
$12,000
$11,000
$10,000
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
12/6/2018 2019 4/19/2020
2020 9/1/2021
2021 2022 1/14/2023 2023 5/28/2024
Q1 2024
Q2 2024 FinTech Insights
Strategic M&A vs. Private Equity Buyouts / SPACs
50, 000.0
40, 000.0
30, 000.0
20, 000.0
10, 000.0
0.0
Q2 2024 FinTech Insights
FT Partners Research
6. FinTech IPOs
Q2 2024 FinTech Insights
Volume and Number of U.S. FinTech IPOs
19
16 16
13 13
10
7 8
4
0
Q2 2024 FinTech Insights
US FinTech IPO Market Stats
Funding Source Breakdown by Number of IPOs Since 2005 Average / Median Age of Companies at Time of IPO by Funding Source Since 2005
Q2 2024 FinTech Insights
Selected Recent U.S. FinTech IPOs
Exchange / Amount IPO Current Current Total
Filing Date IPO Date Company FinTech Sector Target Country
Ticker Raised Price Price Market Cap ($ mm) Return
* *
Q2 2024 FinTech Insights
Volume and Number of International FinTech IPOs
13 14
9 8
5 6 6
2 3 3
Q2 2024 FinTech Insights
Selected Recent International FinTech IPOs
Exchange / Amount IPO Current Current Total
Filing Date IPO Date Company FinTech Sector Target Country
Ticker Raised (mm) Price Price Market Cap (mm) Return
Q2 2024 FinTech Insights
Publicly Traded FinTech Companies – Selected Top Performers in H1 2024
Q2 2024 FinTech Insights
Selected Well-Funded Private FinTech Companies in the U.S.
Q2 2024 FinTech Insights
FT Partners Research
7. Appendix
Q2 2024 FinTech Insights
FT Partners Research
Appendix:
i. Transaction Profiles
Q2 2024 FinTech Insights
Appendix: Published Transaction Profiles
M&A
Q2 2024 FinTech Insights
Appendix: Published Transaction Profiles
PAYMENTS
Financing M&A
Q2 2024 FinTech Insights
Appendix: Published Transaction Profiles (cont.)
M&A
M&A
Q2 2024 FinTech Insights
Appendix: Published Transaction Profiles (cont.)
Appendix:
ii. FT Partners’ Research
Q2 2024 FinTech Insights
Recent Exclusive FinTech CEO / Executive Interviews
FT Partners publishes FinTech financing and M&A deal statistics on a weekly and monthly basis
Weekly Monthly
Q2 2024 FinTech Insights
FT Partners Research – Restaurant Tech
•
•
•
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – FinTech in Africa
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – Women in FinTech: Perseverance & Resilience
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – Innovations in Payroll and Human Capital Management
•
•
•
•
•
•
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – B2B Payments
B2B Payments:
The Last Major Bastion of Paper-based
Payments and Processes
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – The Blockchain Economy
•
Click pictures to view report •
Q2 2024 FinTech Insights
FT Partners Research – Women in FinTech 2022
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research – Buy Now Pay Later
•
•
•
A Flurry of Activity in
Restaurant Tech
Open Banking:
Rearchitecting the Financial Landscape
•
•
Healthcare Payments:
Consumerization and Digitization Create a
Massive FinTech Opportunity
•
•
Click pictures to view report
•
Q2 2024 FinTech Insights
FT Partners Research – FinTech Meets Alternative Investments
•
Click pictures to view report
Q2 2024 FinTech Insights
FT Partners Research
Appendix:
iii. Overview of FT Partners
FT Partners – Focused Exclusively on FinTech
Advisor of Choice for Leading FinTech Companies and Strategics
Selected Billion Dollar+ Clients Selected Transactions with Multi-Billion Dollar Valuations
FT Partners – Focused Exclusively on FinTech
Significant Experience Advising Large Financing Rounds
Company Amount Raised Company Amount Raised Selected Prominent Investors in FT Partners Led Rounds
FT Partners – Focused Exclusively on FinTech
Selected FT Partners’ International / Cross-Border Experience
Target Buyer / Investor International Aspect Target Buyer / Investor International Aspect
FT Partners – Focused Exclusively on FinTech
FT Partners Advises Docupace on its Sale to Genstar Capital
Overview of Transaction
Significance of Transaction
FT Partners’ Role
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises EMS on its Sale to BharCap Partners
Overview of Transaction
Significance of Transaction
FT Partners’ Role
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises Cart.com on its Series C Financing
Overview of Transaction
•
•
•
Significance of Transaction
•
FT Partners’ Role
•
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises MultiSafepay on its Sale to Antom
Overview of Transaction
•
•
Significance of Transaction
•
FT Partners’ Role
•
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises Route on its $40 million Series C Financing
Overview of Transaction
Significance of Transaction
FT Partners’ Role
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises Blend on its $150 million PIPE
Overview of Transaction
•
Significance of Transaction
FT Partners’ Role
•
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises Bilt on its $200 million Financing
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
FT Partners – Focused Exclusively on FinTech
FT Partners Advises DailyPay on its ~$75 million Equity Financing
Overview of Transaction
Significance of Transaction
FT Partners’ Role
•
FT Partners – Focused Exclusively on FinTech
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