That shift shows how the fintech space is maturing, and comes as some individual startups have nabbed eye-popping valuations. published on Wednesday of investments made into fintechs in 2019 found that funding rounds of more than $100 million accounted for almost half of the total $34.5 billion raised.
Of the 1,913 funding and deals done in 2019, 83 were categorized as mega-rounds, accounting for $17.2 billion. In North America alone there were 47 mega-rounds, nearly double what the region had the previous year. Meanwhile, early-stage deals dropped to a 12-quarter low in 2019's fourth quarter. Fintech funding in 2019 fell short of the $40.8 billion the sector attracted in 2018 by 15%. But that was mainly because China's Ant Financial raised a record $14 billion in 2018. Removing that round would make 2019 a record funding year, CB Insights said.The focus on larger, later-stage rounds is a nod to the maturation of a market that wasn't even.
As a result, many of the legacy players have looked to establish relationships with them, either through investments, as a customer, or by strategic partnerships. According to the report, there are 66 fintech unicorns . The elite group holds a total valuation of $243.6 billion. But as companies' valuations continue to climb to record highs, the question of possible landing spots for unicorn fintechs is also coming into focus.
Greed is very impatient, QoQ mentality. The world needs more patient venture investors.
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