What you need to know:
- The 9 new fintech unicorns of H1’24 showcase: global diversification away from the US, a focus on B2B offerings, continued interest in blockchain/crypto despite commercial immaturity, and growing traction in CFO-oriented technologies.
- Overall, new fintech unicorn creation has dramatically slowed, with only 2 emerging in Q2’24 compared to 49 in Q2’21, reflecting a shift from venture’s previous “growth-at-all-costs” mentality.
New fintech unicorns (startups valued at $1B+) have become rare.
Last quarter saw just 2. In Q2’21 for comparison — near the peak of the pandemic tech investment boom — 49 new fintech unicorns emerged.
This year’s 9 new fintech unicorns (as of H1’24) are therefore more noteworthy. We highlight who they are and key takeaways below.
