PitchBook：2025 AI对美国金融科技领域交易活动的影响研究报告（英文版）（40页）.pdf

1、1PitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Research and Market IntelligencePaul Condra Global Head of Private Markets ResearchJames Ulan Director of Emerging Technology ResearchInstitutional Research GroupAnalysisRudy Yang Senior Research Analyst,Enterprise Fintech and Retail Fint

2、ech DataMatthew Nacionales Senior Data APublishingDesigned by Megan WoodardPublished on July 17,2025ContentsEMERGING TECH RESEARCHFintechs AI PremiumExamining the pace of AI-driven change across fintech deal activityPitchBook is a Morningstar company providing the most comprehensive,most accurate,an

3、d hard-to-find data for professionals doing business in the private markets.Key takeawaysAI-enabled fintech companies see a 242%valuation premium at the earlystage:The median 2025 pre-money valuation for AI-enabled fintech companiesYTD is$134 million at the early stage,a 241.9%premium above the non-

4、AImedian of$39.2 million.While undisclosed valuations could affect the accuracyof our dataset,2025 early-stage deals from Clutch,Thatch,Rogo,and Salientshow AI-enabled fintech companies are indeed securing outsized valuations.Late-stage AI-enabled fintech companies see a 7%valuation premium,whichcou

5、ld be higher:Late-stage AI-enabled fintech companies saw a 6.7%highermedian pre-money valuation of$72.5 million compared with$68 million for non-AI fintech companies so far in 2025.However,this premium may be understated,as it includes early-stage deals for mature companies that PitchBook classifies

6、 aslate-stage companies.No clear AI premium exists at the pre-seed/seed stageyet:AI-enabledfintech startups at the pre-seed/seed stage saw a 5.8%higher median pre-money valuation compared with non-AI fintech startups in 2024.In 2025 YTD,the median for AI-enabled fintech companies is$15.8 million,sli