CB-Insights-金融科技现状第2季度报告：值得关注的投资行业趋势（英）-2021-79页_7mb

State of Fintech Q2'21 Report Summary

Core Content

This report provides an in-depth analysis of the fintech industry trends and developments during the second quarter of 2021. It highlights key sectors, investment patterns, and notable events such as public exits and major funding rounds.

Main Points

• Overall Fintech Trends:

  • Q2'21 was the largest funding quarter on record with $30.8B raised across 657 deals.
  • Deal activity increased by 2% QoQ and 29% YoY.
  • Mega-rounds (deals over $100M) accounted for 70% of total funding, with 88 mega-rounds compared to 60 in Q1'21.
  • South America led in funding and deal count growth, with a 153% QoQ increase in funding and 52% in deals.
  • Europe represented 50% of the top fintech deals by value.

• Sector-Specific Trends:

  • Payments: Raised over $8B, with 24 mega-rounds. Q2'21 saw a 25% QoQ increase in funding and a 5% decrease in deal activity.
  • Banking: Experienced record-breaking growth with a 59% QoQ increase in deals and a 43% increase in funding. 16 mega-rounds accounted for 68% of total funding.
  • Digital Lending: Funding and deals surged by 76% and 19% QoQ, respectively. 16 mega-rounds, doubling from Q1'21, made up 77% of total funding.
  • Wealth Tech: Funding dropped by 21% QoQ to $4.4B, but still saw 12 mega-rounds, representing 77% of total funding.
  • Insurance: Funding increased by 79% QoQ, with mega-rounds accounting for 66% of total funding.
  • Capital Markets: Suffered a decline in deal activity and funding, with a 10% QoQ decrease in deals and an 82% YoY drop in funding.
  • SMB Fintech: Showed strong growth with a 37% QoQ increase in funding and a 47% QoQ increase in deal activity, reaching its highest level in 5 quarters.
  • Real Estate Tech: Funding rose by 25% QoQ to $3.2B, despite a 20% decrease in deals.

• Notable Deals:

  • Tink was acquired by Visa for $2.2B, a significant move in the open banking space.
  • Plaid, TrueLayer, and Belvo raised substantial funding in Q2'21, with Plaid securing $425M in a Series D.
  • Klarna and Signifyd raised $639M and $205M respectively, focusing on fraud prevention and payment solutions.
  • EBANX, clip, CloudWalk, dLocal, and Kushki led in Latin American fintech funding, with EBANX raising $430M.
  • Forter and Signifyd raised $300M and $205M in Series F and Series E, respectively, for fraud detection solutions.

• Public Exits:

  • Fintech public exits reached a new high with 19 in Q2'21.
  • Grab, Better.com, Dave, and Acorns announced SPAC plans.
  • Robinhood filed for an IPO on the Nasdaq, achieving a valuation of $65.3B.
  • dLocal launched its IPO with a valuation of $6.2B.
  • Alkami achieved an IPO valuation of $1.9B.
  • Marqeta had an IPO valuation of $14.3B.
  • Flywire launched its IPO with a valuation of $2.4B.
  • Wise announced a direct listing on the London Stock Exchange with an IPO valuation of $11B.

• Major Players in Fintech:

  • Big Tech In Fintech:
    • Facebook rebranded its crypto project to "Diem" and partnered with Silvergate Capital.
    • Google launched Google Plex and partnered with Shopify, Western Union, and Wise.
    • Apple introduced the Apple Family Card.
    • Amazon expanded its Just Walk Out checkout system and led a $10M investment in M1xchange.
  • Emerging Markets: Latin America-based fintechs saw a 57% CAGR in funding since 2016, with Brazil accounting for 70% of total funding from 2016 to 2021 YTD.
  • Blockchain: Funding reached a record $4B in Q2'21, with Circle, Ledger, Paxos, Block.one, and Bitso leading the charge.

• Fintech Unicorns:

  • There are 131 fintech unicorns globally, with an aggregate valuation of $516B.

Key Information

• Funding Growth: Q2'21 saw a 30% QoQ increase in funding, setting a new record.
• Mega-Rounds: These accounted for 70% of total funding, showing a trend towards larger investments.
• Geographic Trends: South America and Europe were the top regions for funding growth and deal activity, respectively.
• SPAC Activity: SPACs became a popular exit strategy, with multiple fintechs announcing public market entries.
• IPOs: Several fintech companies launched IPOs or direct listings, including Robinhood, dLocal, Alkami, Marqeta, Flywire, and Wise.
• Sector Highlights: Payments, banking, and digital lending were the most active sectors, with notable growth in both funding and deals.

Appendix

• Top Fintech Deals: A list of the top deals by funding amount, including companies like Trade Republic, Mollie, Nubank, wefox, and Klarna.
• Active VCs: Highlighted the most active venture capital firms in fintech investments from Q2'20 to Q2'21.
• Funding by Region: Detailed data on funding and deal activity across different continents, showing significant growth in South America and Europe.