Fintech deals in Q1 surged, driven by SPACS and mega private rounds We expect levels of deal making activity to continue into H2 2021 § Deal making in Q1 continues the trend since Q3 2020 as fintech investors and acquirers take advantage of the digital shift created by COVID and strong company performance translates into premium valuations. Although the number of private funding rounds in Q1 did not dramatically rise QoQ, we did see a huge rise in average deal size: the average deal size in Q4 2020 was $42m versus $57m in Q1 20211. This jump was driven by mega rounds like Robinhood’s $3.4bn raise and the $1.3bn raised by Klarna, but there were other significant rounds like Stripe ($600m), Checkout.com ($450m), and NUBank ($400m).
§ The deal-making activity was also driven by the rise of Special Purpose Acquisition Companies (SPACs), which led five acquisitions in the quarter: eToro ($9.6bn), Hippo ($1.2bn), Metromile ($956m), Bakkt ($2.1bn), and SoFi ($8.7bn). We believe that SPACs’ interest in fintech will continue, especially in verticals that benefit from: 1) a growing cashless society and what this means for international money flows; 2) open banking; 3) imbedded finance – trading, wealth management, saving, credit, and lending; and 4) crypto.
§ Given the robust growth a lot of fintech companies are experiencing and the premium investors are placing on this growth – which is perceived to be secular – we expect demand for deals to continue well into the second half of this year.
§ We also note that while SPACs have mainly been an American phenomenon, we believe that Europe is now starting to catch up given the size of privately funded tech businesses that could be ideal targets. We believe European fintechs will start to garner more attention from SPACs, especially as European SPACs start to come to market.
‒ Just three SPACs listed in Europe last year, netting $495m. So far this year, Lakestar raised €275m in February, 468 Capital is looking to raise €300m, and European Fintech IPO Company BV (a fintech-focused SPAC) raised €415m when it floated in Amsterdam.
相关报告
蚂蚁集团:2021全球10大金融科技趋势
7071
类型:行研
上传时间:2020-10
标签:金融科技、蚂蚁集团)
语言:中文
金额:5积分
中国领先金融科技TOP50
5283
类型:数据榜单
上传时间:2021-01
标签:金融科技、TOP0)
语言:中文
金额:5积分
Fintech2030:全球金融科技生态扫描
5100
类型:专题
上传时间:2021-06
标签:金融科技、生态扫描)
语言:中文
金额:5积分
金融科技创新发展研究报告
4754
类型:专题
上传时间:2020-11
标签:金融科技、创新)
语言:中文
金额:5积分
J.P. 摩根-2021全球金融科技行业报告:区块链、比特币和数字金融-2021.2.18-86页
4181
类型:行研
上传时间:2021-02
标签:金融科技、区块链、比特币)
语言:英文
金额:5积分
《金融科技推动中国绿色金融发展:案例与展望(2021)》
4115
类型:专题
上传时间:2021-06
标签:金融科技、绿色金融、展望)
语言:中文
金额:5积分
中关村互联网金融研究院-中国金融科技和数字普惠金融发展报告(2022)
4103
类型:行研
上传时间:2022-03
标签:金融科技、数字普惠、发展)
语言:中文
金额:5积分
中国金融科技年度报告2020
4078
类型:行研
上传时间:2021-01
标签:金融科技、年度报告)
语言:中文
金额:5积分
最新翻译16万字:中国的无现金革命与美国金融科技霸权的衰落(中英文版)
3846
类型:宏观
上传时间:2022-10
标签:金融科技、数字人民币、金融市场)
语言:中文
金额:16元
中国金融科技和数字普惠金融发展报告2020简版
3608
类型:专题
上传时间:2020-12
标签:金融科技、普惠金融)
语言:中文
金额:5积分
积分充值
30积分
6.00元
90积分
18.00元
150+8积分
30.00元
340+20积分
68.00元
640+50积分
128.00元
990+70积分
198.00元
1640+140积分
328.00元
微信支付
余额支付
积分充值
应付金额:
0 元
请登录,再发表你的看法
登录/注册