October 14, 2019
In September 2019, FinTech startups across the world raised $2.91 billion worth of VC/PE investments from 196 deals. In terms of MoM trends, there was a decrease of 9.3% from the $3.21 billion raised by FinTechs in terms of VC funding in August 2019. In terms of the number of deals, there was an increase of 13.3% MoM compared to 173 deals in August.
In region-specific terms, the Americas dominated global FinTech VC funding in September with 53.8% in contributions in funding value ($1.56 billion) and 38.7% in terms of the number of deals (76). Europe placed second with 30.5% in contributions to global FinTech VC funding in September by value ($891.4 million) and 34.1% in terms of the number of deals (67).
In country-wise terms, the US-led the charge in September with 49.4% in contributions in funding value ($1.44 billion) across 61 funding deals. The UK placed a distant second with 17.3% in contributions to global FinTech VC funding by value ($505.9 million). In terms of the number of deals, the UK contributed 14.7% to the global FinTech VC funding in September. India ($236.6 million), Switzerland ($152 million), and China ($101.3 million) were the other three of the top five countries in terms of VC/PE FinTech investments in September.
Among the segments, Lending led the VC funding race in September 2019 with $1.05 billion in funding across 32 deals. The top funding rounds from this segment in September 2019 were the US-based Mission Line’s Series A funding of $200 million and the US-based Fundboxs’ Series C funding of $176 million.
The segment that held second place in the funding race was WealthTech, which saw $590 million raised across 36 funding deals. The top fundraises in this segment were the UK-based Foxberrys’ funding of $221.4 million and the US-based Happy Money’s Series D funding of $70 million.
The Payments segment placed third in the list of segments with the highest VC funding in July 2019 as the startups in this segment raised $257.9 million raised across 8 funding deals. This was majorly contributed by the US-based Stripes’ Series F funding of $250 million. B2B FinTech and Cybersecurity were the other two among the top five FinTech segments in terms of funding value in September.
B2B FinTech raised $238 million across 17 deals, which was led by Tipalti’s Series D funding of $60 million and AppZens’ Series C funding of $50 million. On the other hand, Cybersecurity startups raised $152.5 million across 5 deals. The funding in this segment was majorly contributed by the Switzerland-based Acronis with $147 million in funding.