Solganick & Co. has issued its latest quarterly update for the FinTech industry sector.  You can access the full report here: Solganick Co FinTech MnA Update Q1 2017

The following is a summary of the report:

 

In Q1 2017, global VC-backed FinTech startups raised $2.7 billion across 226 deals, a rise of 33% on a quarterly basis but 47% drop compared to same quarter last year. Deal Activity rose 12% to a three-quarter high of 226. There were seven $50 million+ financing’s to VC-backed FinTech companies in Q1 2017 compared to 14 in the same quarter last year. The second most highly valued FinTech unicorn in the US Social Finance (SoFi) also raised $500 million at a $4.2 billion valuation.

 

Seed and Series A investment rebounded slightly in the quarter after the early-stage FinTech funding had fell to a 7- quarter low in Q4’16.

Funding to Insurance Tech companies fell 25% on a quarterly basis as investments to Blockchain and Bitcoin companies rebounded to $113 million from last quarter’s $77 million. Payments Tech companies also witnessed a 39% drop in funding while deals rose for the second consecutive quarter.

The race to harness FinTech’s potential is still driving deal making. FinTech will continue to drive the evolution of financial services, disrupting some sub-sectors, enabling new developments in others and providing new and improved infrastructure for the digital age.

You can access the full report here: Solganick Co FinTech MnA Update Q1 2017

 

Solganick & Co. covers the FinTech sector among its broader software and tech-enabled services M&A practice.  For more information, please contact us.