1. Global Trends:
• Fintech funding tumbled 18% quarter-over-quarter (QoQ), marking the largest quarterly drop since 2018.
• Mega-rounds hit a four-quarter low of 75, down 23% from the Q3 2021 peak.
• Unicorn births exceeded 30 for five consecutive quarters.
• Asia’s funding dropped 44% QoQ after a record high in Q4 2021.
• Four of the top six fintech investors in Q1 2022 were not venture capital firms.
• Q1 2022 saw five fintech M&A deals worth $1B+.
• For the first time, the US and Asia tied for the share of early-stage deals.
• Banking funding reached a four-quarter low, nearly halving since Q2 2021.
• Insurtech funding plummeted QoQ from an all-time high in Q4 2021.
• Deal volume in Africa surged to the highest level ever.
Fintech Report 2021:
1. Global Overview:
• 2021 was a record-breaking year for fintech funding and deal-making.
• The number of global fintech unicorns hit 267, up 93% year-over-year (YoY).
• M&A activity saw significant growth, with notable exits including several $1B+ deals.
• The US maintained its lead in fintech investments, followed by Europe and Asia.
• Venture capital (VC) deal share dropped to a new low, but VCs still led among investor categories.
• The median late-stage deal size dropped by 22%, while other stages remained flat.