2016金融科技风险投资图景（英文）_34页-5mb

报告摘要

2016 VC Fintech Investment Landscape Summary

Core Content Overview

The 2016 global and UK venture capital (VC) investment landscape in Fintech was marked by significant growth in deal value, with China and the US leading the way. Despite the UK experiencing a decline in investment due to Brexit-related uncertainty, it maintained its position as a key Fintech hub. The report highlights trends in investment distribution, deal sizes, and the role of accelerators and equity crowdfunding in the Fintech ecosystem.

Global Fintech Investment

Total Investment and Trends

In 2016, 1,436 global Fintech deals attracted $17.4 billion in VC investment, a 10.9% increase from 2015.
China emerged as the top destination for Fintech investment, raising $7.7 billion over 28 deals, a 84% increase from 2015, surpassing the US for the first time.
The US remained the leader in deal volume with 650 deals, but its investment value dropped by 12.7% to $6.2 billion.

Top Global Deals

Three "mega-rounds" in China each exceeded $1 billion, contributing to the surge in investment:
- Alipay (Ant Financial): $4.5 billion
- Lufax.com: $1.2 billion
- JD Finance: $1.0 billion
500 Startups was the most active global investor, with 39 investments in 2016.
Startupbootcamp and Techstars were also among the most active, with 36 and 30 investments respectively.

Exits and M&A

There were no notable Fintech IPOs in 2016.
The largest exit was Markit's $5.5 billion merger with IHS.
Fintech M&A activity is expected to increase in 2017 as more mature companies enter the market.

UK Fintech Investment

Total Investment and Trends

The UK attracted $783 million in Fintech VC investment in 2016, a 33.7% decline from 2015.
The UK ranked third globally in terms of total investment and second in deal volume with 173 deals.
The CAGR for deal value dropped from 58% (2012–2015) to 33% (2012–2016).

Quarterly Trends

Investment slowed in Q2 2016 due to Brexit uncertainty.
Q3 2016 saw a rebound, with 9 of the top 20 UK deals closing in the 6 months post-referendum.
Q4 2016 also underperformed by 39% compared to the same period in 2015.

Top UK Deals

The top 5 UK deals ranged from $35 million to $100 million in investment:
- Starling Bank: $101.0 million (only UK Fintech in the global top 20)
- iwoca: $57.0 million
- Nutmeg: $52.2 million
- SETL: $46.0 million
- BillFront: $44.0 million

Key Investment Verticals

The top three verticals in UK Fintech investment were:
- Alternative Lending / Financing: 24%
- Challenger Banks: 20%
- Wealth Management: 10%
Money Transfer & FX also accounted for 10% of investment.
46% of UK Fintech investment came from non-domiciled VCs, primarily from Europe (19%) and US (18%).

Post-Brexit Investment

9 of the top 20 UK deals closed post-Brexit, with $368 million in investment.
The UK retained its global third place in Fintech investment despite the drop.

Investor and Accelerator Activity

500 Startups was the most active global investor, with 39 investments.
Startupbootcamp and Techstars were also top investors, with 36 and 30 investments respectively.
In the UK, Techstars and FinTech Innovation Lab were the leading investors.
25% of the London Fintech accelerator cohorts in 2016 were RegTech companies.
Blockchain remained a top vertical, with 17% of the cohorts in both 2015 and 2016.

Equity Crowdfunding

UK equity crowdfunding investment in Fintech totaled $37.9 million in 2016.
45% of this came from crowdfunding platforms.
140% of the average amount raised by Fintech companies exceeded their goals.
Equity crowdfunding is seen as a growing vertical within the alternative finance industry.

Key Takeaways

China and the US dominated global Fintech investment in 2016.
UK Fintech investment declined due to Brexit uncertainty, but it remained a major player in the global market.
M&A was the primary exit strategy in 2016, with Markit's merger being the largest.
RegTech and Blockchain were prominent investment areas, with RegTech expected to grow in 2017.
Equity crowdfunding emerged as a strong and growing fundraising method for Fintech startups.