2017年上半年金融科技风险投资图景_24页-4mb

H1 2017 FinTech Investment Landscape Summary

Core Content

H1 2017 marked a significant shift in the global FinTech investment landscape, with a total of 787 deals attracting $6.5 billion in venture capital (VC) investment, representing a 45% year-over-year (YoY) decrease. Despite this decline, the United States remained the largest recipient of FinTech investment, securing $3.3 billion across 357 deals, which is a 7.7% increase in deal value from H1 2016 but an 18.5% decrease in deal volume. China, which had led in 2016, saw a sharp drop to $1.0 billion in H1 2017, a 86% decrease YoY, although its three "mega-rounds" (Alipay, Lufax.com, JD Finance) were excluded from the 2016 figures.

The United Kingdom attracted $564 million in FinTech VC investment, a 37% increase YoY, ranking third globally in terms of total investment and second in deal volume with 102 deals. The UK's top verticals in investment were Alternative Lending / Financing (28%), Challenger Banks (25%), and Personal Finance / Wealth Management (13%).

Main Points

• Global Investment Trends:

  • Total deals: 787
  • Total investment: $6.5 billion
  • YoY decrease: 45%
  • United States led in both deal value and volume
  • China's investment dropped significantly, excluding its mega-rounds would show a 28.4% global increase

• Top Global Deals:

  • SoFi (U.S.) raised the largest round at $453 million
  • AvidXchange (U.S.) raised $300 million
  • E-Life Financial (China) raised $275 million
  • Tuandaiwang (China) raised $261 million
  • Paytm (India) raised $200 million

• Top Investors:

  • 500 Startups, Startupbootcamp, and Y Combinator were the most active global investors
  • Seedcamp, Woodford Investment Management, Connect Ventures, and Anthemis Group were the top UK investors

• UK Investment Analysis:

  • 54% of investment into the UK came from non-domiciled VCs, mainly from North America (33%)
  • 7 Innovate Finance members were among the top 20 UK deals
  • Alternative Lending / Financing and Challenger Banks were the top verticals

Key Information

• Top 5 UK Deals:

  • Atom Bank: $102 million
  • Funding Circle: $101 million
  • Zopa: $41 million
  • Monzo: $27 million
  • Currency Cloud: $25 million

• Deal Value vs. Volume:

  • VC deal value figures include all deal types (Angel, Accelerator, Crowdfunding, VC, Private Equity)
  • Deal volume figures exclude undisclosed deal values, except for top investors

• Investor HQ Analysis:

  • Non-domiciled VCs dominated UK investment, with North America being the primary source

Appendix Summary

Appendix 1: FinTech Verticals

• Alternative Lending / Financing: P2P lending, invoice financing, SME financing, e-lending platforms, credit scoring
• Institutional / Capital Markets: B2B solutions for financial institutions
• Challenger Banks: New digital banks challenging traditional banks
• Crowdfunding: Platforms for project or equity investment
• Cyber Security: Protecting financial infrastructure
• Data & Analytics: Supporting data-driven financial decisions
• Digital Currencies & Blockchain: Digital ledger technology
• Enterprise Software: Financial software solutions for enterprises
• Financial Inclusion: Delivering financial services to the unbanked
• InsurTech: Innovations in the insurance industry
• Money Transfer & FX: International remittance and currency conversion
• Payments: Innovations in cashless, online, mobile, B2B, and P2P payments
• RegTech: Resolving regulatory issues in finance
• Personal Finance / Wealth Management: Pensions, savings, robo-advisors, etc.
• Prop-tech: Disrupting the property industry

Appendix 2: Methodology

• Deal Value: Includes all deal types, verified to press releases
• Deal Volume: Excludes undisclosed values, except for top investors
• UK Focus: Investment in FinTech companies headquartered in the UK

Conclusion

H1 2017 was a year of notable changes in the FinTech investment landscape, with the U.S. and UK leading in investment and deal activity. While global investment declined, the U.S. and UK showed resilience, with the U.S. maintaining its dominance and the UK experiencing strong growth. China's investment decline was attributed to the exclusion of its mega-rounds, highlighting the importance of these deals in previous years. The top verticals and investors provide insights into the current focus areas and key players in the FinTech sector.