CBinsights-2018年Q1全球金融科技报告（英文版）-2018.04-72页-5mb

Global Fintech Report Q1 2018 Summary

Core Content

The Global Fintech Report Q1 2018 provides an overview of the state of the fintech industry, focusing on VC-backed equity funding and investment trends. It highlights the key areas of fintech investment, including blockchain, insurance, payments, and regulatory technology, while also tracking the performance of major fintech companies and investors.

Main Points

• Global Fintech Funding Record: In Q1 2018, VC-backed fintech companies raised $5.4 billion across 323 deals, setting a new quarterly record. This was driven by a significant increase in mega-rounds (deals of $100M+).

• Regional Trends:

  • North America saw the most significant increase in fintech deals, with a notable jump in the number of large-scale investments.
  • South America experienced a surge in fintech funding, surpassing the entire 2017 annual total, led by Nubank's $150M mega-round.
  • Asia had the largest quarterly spike in fintech funding, fueled by four $100M+ deals.
  • Europe saw a dip in early-stage fintech deals, but funding increased due to large investments in later-stage digital banking startups.

• Mega-Rounds and Unicorns:

  • There were 12 mega-rounds in Q1 2018, totaling $2.2 billion.
  • 26 fintech unicorns were valued at a combined $77.6 billion.
  • Two new unicorns were created in Q1 2018, with Nubank and Atom leading the way.

• Top Deals and Investors:

  • The top 11 deals in Q1 2018 were all mega-rounds, with notable companies like Nubank, Atom, and OSCAR receiving significant funding.
  • Top VC-backed fintech investors included 500startups, Ribbit Capital, and Index Ventures, with a wide range of investments across different sectors.

• Sector Trends:

  • Insurance Tech: Deals and funding increased, with OSCAR and Root Insurance being major players.
  • RegTech: Early-stage companies received follow-on investments to scale, indicating growing interest in regulatory compliance solutions.
  • Capital Markets Tech: US banks focused more on infrastructure and capital markets software than blockchain, with Goldman Sachs and JPMorgan Chase leading investments.
  • Blockchain: Despite a decline in ICO funding, blockchain fintech deals rebounded, with Templum and Harbor gaining traction.

Key Information

• Nubank: A Brazilian mobile-only bank, raised $150M in Q1 2018, bringing its valuation to $2B, and is expanding into retail banking with a savings account.

• Atom: A mobile-only bank with a $207M Series D investment, valued at $1.25B, and backed by BBVA and Toscafund.

• OSCAR: A tech-enabled health insurance carrier raised $165M in Q1 2018, reaching a $3.2B valuation, and signed a multi-year reinsurance agreement with AXA.

• Root Insurance: Raised $51M in Series C funding, with an expansion to 16 states and 100K+ installs in the Google Play store.

• Cyber Insurance: Became a new area of early-stage investment, with Coalition, Faladin Cyber, and CyberCube as key players.

• Wealth Tech: Saw a 5-quarter high in funding, with Wealthfront and Stash leading the way. Wealthfront raised $75M in Series G, while Stash reached 1.7M clients.

• RegTech: Early-stage companies received follow-on investments, with SOCURE, Digital Reasoning, and ACADIA SOFT being notable examples.

• Blockchain: VCs are looking to invest in tokenized securities, with Templum, Harbor, and Ledger being highlighted. Ledger raised $75M in Series B, and Casa secured a $2.1M seed round.

• Top Investors:

  • 500startups
  • Ribbit Capital
  • Index Ventures
  • Founders Fund
  • Accel Partners

Summary of Findings

• VC-backed fintech deal activity hit a new quarterly record in Q1 2018, with the US seeing the largest boost in deals.
• South America surpassed 2017's annual total in fintech funding, driven by Nubank's $150M deal.
• Asia experienced the largest quarterly spike in fintech funding, with four $100M+ investments.
• Europe saw a dip in early-stage deals but increased funding through $100M+ investments in later-stage startups.
• Insurance tech and regtech showed growth, with OSCAR, Root Insurance, and SOCURE as notable examples.
• Blockchain fintech deals rebounded, with Templum, Harbor, and Ledger receiving significant funding.
• Wealth tech reached a 5-quarter high in funding, with Wealthfront and Stash leading the charge.
• US banks focused on infrastructure and capital markets software, while European banks showed renewed interest in fintech investments.

Conclusion

The Q1 2018 fintech report highlights a dynamic landscape where VC-backed funding reached new heights, with mega-rounds dominating the market. South America and Asia emerged as key regions for fintech investment, while Europe showed a mixed trend with a dip in early-stage deals but an increase in later-stage funding. Insurance tech, regtech, and blockchain were among the most active sectors, indicating a shift in investment focus towards compliance and digital transformation. The report underscores the growing importance of challenger banks, alternative lending, and wealth management technologies in the fintech ecosystem.