The fintech industry soars as early stage startups miss out on funding - Business Insider

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Early stage fintech funding hit a five-year low — but other data points suggest the industry is a maturing global movement

Early stage fintechs missed out on funding last year, but in concert with other key trends throughout 2019, this suggests that the industry is maturing as fintech becomes a truly global movement.

This decline was partly due to a drop in early stage funding, which dipped from $6.5 billion in 2018 to $5.3 billion last year, while deal numbers declined from 1,246 to 1,126. Early stage deals only accounted for 59% of all fintech deals in 2019, marking a five-year low. There was a record-breaking number of mega-rounds in 2019 — and every continent saw at least one. Eighty-three fintechs secured mega-rounds last year, nearly double from 48 in 2018, and there was at least one on every continent — including Africa, for the first time.

 

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