1、State of FintechGlobal|Q1 2024Global data and analysis on dealmaking,funding,and exits by private market fintech companiesState of Fintech2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that drive gr

2、owth,improve operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialTLDR-16%QoQ decline in funding.Lowest quarterly level since 2017.Despite gains in the broader venture market,quarterly funding in fintech fell in Q124 to$7.3B.That said,fintech deals i

3、ncreased by 15%quarter-over-quarter(QoQ).This indicates that investors remain active in the marketbut are focused on smaller deals.See the data 320%Mid-and late-stage deal share YTD,up from 18%in 2023.So far this year,investors are favoring later-stage companies to a greater degree than the past 2 y

4、ears especially in areas like payments and lending.In payments,mid-and late-stage deals make up 29%of deals YTD,vs.21%in 2023.In digital lending,mid-and late-stage deals make up 40%of deals YTD,nearly double the 2023 total.See the data$11.1MAverage deal size in 2024 so far,down 18%from 2023.A dearth

5、 of blockbuster deals is driving the decline:In Q124,there were just 12 mega-rounds(deals worth$100M+)representing 26%of total funding the lowest share since Q223.Despite declines in deal size,UK-based challenger bank Monzo still raised a$431M Series I round the largest fintech deal of the quarter.S

6、ee the data$1BFunding to banking companies,up 2x QoQ.Banking funding doubled in Q124 to reach$1B across 38 deals.Five of the top 10 banking deals in the quarter were late-stage,and 2 were mega-rounds of$100M+.Besides the Series I deal for Monzo,Germany-based BaaS company Solaris raised a$104M Series