2019 saw fintech reach an inflection point on a global scale, pulling in $34.5B across 1,913 deals.
REPORT HIGHLIGHTS:
- Q4’19 saw approximately $9.4B invested across 452 deals. Funding saw a boost from mega-rounds ($100M+) including a $1.7B investment to India-based One97, which was the top deal in Q4’19.
- Fintech startups are maturing beyond early stages. As a percentage of deals, Series B+ rounds topped 5-year highs. In 2019 there were 83 mega-rounds, an 81% jump from 2018.
- 2019 saw fintech deals and funding spread to emerging and frontier markets. South America, Africa, Australia, and Southeast Asia (SEA) all saw funding top annual highs.
- There are 66 VC-backed fintech unicorns worth a combined $243.6B. 2019 saw a record of 24 unicorn births, 8 of which occurred in Q4’19.