PitchBook-2023年一季度零售金融科技报告（英）-2023.5-9页_5mb

Retail Fintech Report Summary

Key points:

1. VC Investment Trends (Q1 2023):

   • Retail fintech VC activity decreased 4.4% QoQ from $3.2B to $3.0B.
   • Represents the lowest quarterly funding level for retail fintech since Q3 2018.
   • 58.4% YoY decline compared to Q1 2022 ($7.3B).
   • Overall VC investment decreased.
   • Notable deals: Abound ($602M), Kredivo ($270M), eToro ($250M), KreditBee ($200M).
   • Top sectors: Alternative lending ($1.5B), Credit & Banking ($648.4M).
   • Deal sizes varied by stage: decreasing for angel/seed and early-stage; increasing for late-stage and venture-growth.

2. VC Activity Insights:

   • Top deals were primarily late-stage B2B fintech.
   • Fewer venture-stage deals than in 2022.
   • Median deal size for retail fintech: $3.5M (down 28.5% YoY).

3. Open-Loop P2P Payments:

   • P2P usage remains low (< 40% monthly usage by Americans).
   • Closed-loop systems hinder adoption; open-loop systems offer more convenience.
   • Visa's Visa+: Pilot launch aims to create interoperable P2P payments (cooperation with PayPal, Venmo, etc.). US launch expected late 2023; potential for cross-border expansion if remittance providers join.
   • FedNow: US Fed's RTP system launching July 2023, potentially driving P2P providers to add interoperability.
   • Key players: Ping, EchoPay, Lemonade Finance, Kappa, Chipper Cash.
   • Current leaders (US): Zelle ($490B), Venmo/Cash App ($245B/$204B).

4. Note:

   • Report is confidential and sourced from PitchBook, covering global activity up to March 2023.