The State Of Fintech Q1’20 Report: Investment & Sector Trends To Watch

The State Of Fintech Q1’20 Report: Investment & Sector Trends To Watch

The State Of Fintech Q1’20 Report: Investment & Sector Trends To Watch

The quartery insights from CBInsights tell us that in Q1’20, VC-backed fintech funding dropped to $6.1B across 404 deals. The Covid-19 outbreak had a significant impact on fintech financing resulting in the worst Q1 since 2016 for fintech deals and the worst Q1 for funding since 2017. With forecasts of a recession, investors pulled back on early-stage bets to focus on fortifying portfolios. Fintech funding in Asia, North America, Australia, South America, and Africa dropped quarter-over-quarter. Europe was the only major region to see an increase in funding, driven by 4 mega-rounds ($100M+) including Revolut’s $500M Series D and Qonto’s $115M Series C. Investors start to see some liquidity amid a fintech M&A spree in 2020.

Read more

 

Share
Share on facebook
Share on google
Share on twitter
Share on linkedin
Related Posts
Featured
Widening the scope across borders this new production will not only include the Dutch fintech scene but highlight developments on a European level as well.
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, and applicability

This website uses cookies to ensure you get the best experience on our website.
To learn more, read our privacy policy.

X
X
X