2018年Q1全球金融科技报告_英文版_-CBinsights-2018.04-72页_5mb

Global Fintech Report Q1 2018 Summary

Core Content

The Q1 2018 Global Fintech Report by CB Insights provides an overview of the fintech investment landscape, highlighting key trends in funding, deal activity, and sector-specific developments. It focuses on VC-backed fintech companies and excludes angel investors, private equity, and debt financing.

Main Points

Global Funding and Deal Activity

• Global Fintech Funding: In Q1 2018, VC-backed fintech companies raised $5.4 billion across 323 deals, setting a new quarterly record.
• Regional Trends:
  • The US saw the largest increase in fintech deals.
  • Europe experienced a dip in early-stage deals, but late-stage funding hit a 5-quarter high.
  • South America surpassed the 2017 annual funding total, with Nubank leading the way through a $150M mega-round.
  • Asia had the largest quarterly spike, driven by 4 mega-rounds of $100M+.
• Mega-Rounds: There were 12 fintech mega-rounds in Q1 2018, totaling $2.2 billion, indicating a trend toward concentrated investments.

Fintech Unicorns

• There were 26 fintech unicorns globally, with a combined valuation of $77.6 billion.
• 2 new unicorns were born in Q1 2018, with Nubank and Atom being notable examples.

Top Deals and Investors

• The top 11 deals in Q1 2018 were all mega-rounds.
• Nubank raised $150M in Series E, reaching a $2B valuation.
• Atom secured $207M in Series D, with a $1.25B valuation.
• Financial OneConnect raised $650M in a significant round.
• OSCAR raised $165M in Series D, with a $3.2B valuation.
• Wecash raised $160M in Series C.
• N26 raised $160M in Series C, with a valuation between $500M and $750M.
• UiPath raised $153M in Series B, reaching a $1.1B valuation.
• Collective Health raised $110M in Series B.
• eToro raised $100M in Series B, with a $800M valuation.
• C2FO raised $100M in Series B, with a $495M valuation.

Top Investors

• 500startups and Ribbit Capital were among the most active fintech VCs.
• Goldman Sachs, JPMorgan, and BBVA were notable corporate investors.

Sector Trends

• Insurance Tech: Deals and funding rebounded, with OSCAR and Root being key players.
• Regtech: Early-stage companies raised follow-on investments, with Canopy and EverCompliant being examples.
• Wealth Tech: Investments hit a 5-quarter high, with Wealthfront and Stash leading the way.
• Blockchain: Despite a decline in ICO funding, blockchain fintech deals rebounded, with Symphony, Harbor, and Ledger receiving significant investments.
• Alternative Lending: Funding in Q1 2018 was on pace for a new low, with India seeing increased activity.
• Infrastructure: US banks prioritized investments in capital markets software over blockchain.

Key Information

• Nubank and Atom were two of the top deals in Q1 2018, with both creating new unicorns.
• South America had a notable surge in fintech funding, surpassing the 2017 annual total.
• Asia saw a significant increase in funding, driven by 4 mega-rounds.
• Early-stage deals in Europe dropped to a 5-quarter low.
• US banks reduced fintech investments compared to 2016, but continued to spread bets across multiple sectors.
• European banks also slowed down in 2017, but increased participation in Q1 2018.
• Blockchain investments were on the decline, but some companies like Symphony and Harbor still attracted significant attention.
• Regulatory compliance was a key concern for investors, especially in the context of regtech and cyber insurance.
• Alternative lending in China saw a decline, while India and other parts of Asia saw growth.

Conclusion

The Q1 2018 fintech landscape was marked by a surge in funding and deal activity, particularly in South America and Asia, with a notable shift in investment focus toward late-stage and regulatory tech. Despite a slowdown in early-stage and blockchain investments, the sector remained dynamic with several unicorns emerging and corporate investors playing a significant role in shaping the future of fintech.