Cbinsights-欧洲金融科技融资趋势（英）-2021.9-64页_1mb

Fintech Funding Trends In Europe Summary

Core Content

This document outlines the fintech funding trends in Europe during the first half of 2021 (H1'21) and the second quarter of 2021 (Q2'21), highlighting key statistics, sector performance, and notable deals.

Main Points

Overall Funding Trends

• H1'21 Funding: Europe-based fintech companies raised a record-breaking $12.8B in the first half of 2021, which is nearly 1.5x higher than the full-year total of 2020.
• Q2'21 Funding: In Q2'21, fintech funding grew by 30% to reach a record $7.2B, despite a 8% decline in deal activity compared to Q1'21.
• Deal Activity: Q2'21 saw 148 deals, marking a -8% quarter-over-quarter (QoQ) drop in deal activity.

Country-Level Performance

• Germany: Raised $2,031M in Q2'21, nearly matching the UK's $2,069M.
• UK: Remained the top recipient of fintech funding in Q2'21, with $2,069M raised.
• France: Ranked third in funding with $1,110M in Q2'21.

Sector Funding Trends

• Insurance Tech: Raised a record $1.8B in Q2'21, with a 403% QoQ increase in funding.
• Wealth Tech: Raised $1.3B in Q2'21, showing a 273% QoQ increase.
• Banking: Led in deal volume with 34 deals in Q2'21, representing a 70% QoQ increase.
• Digital Lending: Experienced 64% QoQ growth in deal activity, with the majority of funding going to BNPL (Buy Now, Pay Later) providers.

Key Information

Top Funding Rounds in Q2'21

• Top 5 Deals:
  1. Klarna (Sweden) - Raised $1,000M in a Growth Equity round.
  2. Trade Republic (Germany) - Raised $900M in a Series C round.
  3. wefox (Germany) - Raised $650M in a Series C round.
  4. SaltPay (United Kingdom) - Raised $500M in a Series C round.
  5. PaySend (United Kingdom) - Raised $125M in a Series B round.

Notable Deals by Sector

• Payments:

  • Klarna raised $1,000M in a Growth Equity round.
  • SaltPay raised $500M in a Series C round.
  • Checkout.com raised $450M in a Series C round.
  • Sunday (France) raised $24M in Seed / Angel funding.
  • Payhawk (UK) raised $20M in Series A.
  • Curve (UK) raised $14.04M in Seed / Angel funding.

• Banking:

  • Starling Bank (UK) raised $376M in a Series D round.
  • 10x Future Technologies (UK) raised $187M in a Series C round.
  • Tink (Sweden) raised $103M in a Series E+ round.
  • Finoa (Germany) raised $22M in Series A.
  • Memo Bank (France) raised $15.77M in Series A.
  • TESSIAN (UK) raised $65M in Series C.
  • TRUELAYER (UK) raised $70M in Series D.
  • Atom (UK) raised $55.02M in Series E+.

• Digital Lending:

  • Klarna (Sweden) raised $1,000M in a Growth Equity round.
  • Klarna (Sweden) raised $650M in a Private Equity round.
  • Klarna (Sweden) raised $639M in an Other round.
  • ClearScore (UK) raised $200M in a Private Equity round.
  • Alma (France) raised $59.7M in a Series B round.
  • divido (UK) raised $30M in Series B.
  • Myos (Germany) raised $29.76M in Series B.
  • Comply Advantage (UK) raised $20M in Series C.

• SMB Fintech:

  • AGICAP (France) raised $100M in Series B.
  • re:ceeve (Germany) raised $9.1M in Seed / Angel funding.
  • NiiFi (Norway) raised $3M in Seed / Angel funding.

Summary

The fintech sector in Europe experienced significant growth in funding during H1'21, with a record $12.8B raised, surpassing the full-year total of 2020. In Q2'21, the sector saw a 30% increase in funding to $7.2B, although deal activity declined by 8%. Germany emerged as a strong contender, nearly matching the UK's funding total. Insurance and wealth tech sectors led the funding growth, with $1.8B and $1.3B respectively. Banking companies led in deal volume with a 70% QoQ increase, while digital lending saw 64% growth in deal activity, with BNPL providers dominating the funding landscape. Notable deals in Q2'21 included significant rounds for Klarna, Trade Republic, SaltPay, and other leading fintech companies across various sectors.