FinTech VC Funding Analysis – Lending, InsurTech and BankingTech Topped the Charts in June 2019

In June 2019, FinTech startups across the globe raised $2.94 billion worth of VC/PE investments across 170 deals. In terms of MoM trends, there was an increase of 10.1% from the $2.67 billion raised by FinTechs in terms of VC funding in May 2019. In terms of the number of deals, there was a significant increase of 40.4% MoM compared to 121 deals in May.

In region-specific terms, the Americas dominated global FinTech VC funding in June with 55.1% in contributions, in terms of funding value ($1.62 billion), and 47.9% in terms of the number of deals (81). Europe placed second with 30.7% in contributions to global FinTech VC funding in June by value ($906.6 million), and 32.3% in terms of the number of deals (55). In terms of countries, the US led the charge in June with 45% in contributions in terms of funding value ($1.32 billion) across 70 funding deals. The UK came in at a distant second with 19.6% in contributions to global FinTech VC funding by value ($578.7 million). In terms of the number of deals, the UK contributed 15.7% in terms of global FinTech VC funding in June. Brazil ($200 million), China ($195.7 million), and France ($143.9 million) were the other three out of the top five countries in terms of VC/PE FinTech investments in June.

Among the segments, Lending led the VC funding race in June 2019 with $591 million in funding across 30 deals. Some of the top fundraises from this segment in June were the Brazil-based Creditas’ series D funding of $200 million, the US-based Blend’s series E funding of $130 million, and the US-based Biz2Credit Series B funding of $52 million.

The segment that held the second place in the funding race was InsurTech, which saw $474.8 million raised across 25 funding deals. This segment recorded 90% MoM growth in terms of funding value from the $248.8 million raised in May. A couple of the top fundraises in this segment – the US-based Collective Health’s Series E funding of $205 million and the China-based Waterdrop’s series C funding of $145 million.

BankingTech was third in the list of segments with the highest VC funding in Jun 2019 as the startups in this space raised $448.6 million across 12 funding deals. This was majorly contributed by Symphony Communication’s Series E funding of $165 million. B2B FinTech and Neobanks/Digital Banks were the other two among the top five FinTech segments in terms of funding value in June.

Finally, Neobanks/Digital Banks raised $228.8 million across 7 deals. The Neobanks/Digital Banks funding charts were led by the US-based Monzo with a Series F funding round of $143 million. On the other hand, Payments startups raised $205.7 million across 19 deals. The funding in this segment was majorly contributed by the India-based Razorpay’s $75 million series C funding and the US-based SpotOn’s funding of $40 million.