Revolut cofounders Vlad Yatsenko, left, and Nikolay Storonsky. Revolut raised a $500 million Series D round from Silicon Valley growth fund TCV in February.The share of European late-stage fintech deals with at least one US investor increased to 23% in 2020, from 19% in 2019, according to a new report from Silicon Valley Bank.
The share of European late-stage fintech deals with at least one US investor increased to 23% in 2020, up from 19% in 2019, according to the latest State of the Markets report from Silicon Valley Bank. There are a lot of macro factors driving US investors towards European fintech, including a strong market for financial services, a ready pool of talent, and a "relatively friendly" regulatory environment, said Wijayarathna.
As the fintech ecosystem in Europe has matured, it's established a strong pipeline of fast-growing fintech startups, making it a natural market for US investors to diversify in, he added. "I think that almost gets exaggerated in a high-stress environment like COVID where you fly to quality," says Wijayarathna, adding that the market could see more startups skipping straight to later-stage funding rounds as a result. in fintech which, as Silicon Valley Bank's data indicates, is looking increasingly bubbly.
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