Venture cash is overwhelmingly flooding into fintech: $1 of every $5 in venture last quarter went to fintech. The category smashed past prior records in funding, deals, exits, and mega-rounds.
In Q2, fintech startups picked up $30.8B, a 30% QoQ surge, and funding YTD has already exceeded 2020’s total by 24%.
Where’s all that money going?
Mega-rounds: 88 mega-rounds drove 70% of total fintech funding. The report lists the top deals and how they fueled themes like retail-investing apps, insurtech, protection against payments fraud, and more.
Europe: 50% of the top deals went to Europe-based cos, with the report spotlighting the top countries and deals, including financings to TradeRepublic, Mollie, and Klarna.
Exits: Public exits reached new highs. There were 19 public exits (including announced, but not yet completed, deals) for VC-backed fintech companies in Q2’21, including SPAC deals for Grab, Better.com, Dave, and Acorns.
South America: It saw the most growth in funding and deal count, with these ballooning by 153% and 52% QoQ.
Payments: Payments cos raised more than $8B, a 25% QoQ increase.
Blockchain: Blockchain funding topped a record high at $4.4B, from blockchain infra co Circle to encrypted wallet co Ledger.
We also spotlight trends like open banking, Southeast Asia's super apps, the expansion of BNPL beyond retail, and more.
For all the unmissable details, download the full report here.