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ARTICLE · 01 MAY 2020

The State Of Fintech

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CB Insights recently published a report, State of Fintech: Investment & Sector Trends to Watch, which provides a number of insights regarding 2019 industry trends. Global fintech funding in 2019 fell short...

United StatesFinance and Banking
Anna T. Pinedo
Anna T. Pinedo
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CB Insights recently published a report, State of Fintech: Investment & Sector Trends to Watch, which provides a number of insights regarding 2019 industry trends.

Global fintech funding in 2019 fell short of the record highs in 2018, with 1,913 deals raising $34.5 million in proceeds in 2019. Quarterly fintech volumes throughout 2019 were quite consistent. Early stage deals dropped to a 12 quarter low, as investment funds shifted their focus to mid- and late-stage deals. Early stage deals dropped to a five-year low, while late-stage deal hit a five-year high in 2019. There were 83 mega-rounds completed in 2019 across markets, except for Europe, and these raised an aggregate of $17.2 billion. As of the end of 2019, there were 67 fintech unicorns valued in aggregate $244.6 billion. There were eight new fintech unicorn births in the fourth quarter of 2019 and three in the first quarter of 2020. In the United States, VC-backed equity funding accounted for 177 deals

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