How the fintech world reacted to COVID — funding, user adoption, old expectations, and new realities
Investment projections for the sector in the near future
Which subdomains are thriving and which took a hit
How fintech will adapt post-pandemic
Our prognosis? Fintech is healthier than ever
Looking back at 2020, fintech weathered the storm better than most. Already optimized for a touchless world and accustomed to making quick pivots, the industry was largely unscathed by the same limitations as physical institutions and during a year indoors, money continued to talk. Our report dives deep into the current state of affairs as well as what’s to come, making it an indispensable read for...
In many cases, leaders in every sector were forced to attend to new demands, either to stay afloat or to out-scale their competition. Have an inside look at the industry pivots we’ve seen.
Make no mistake: the best practices of years past now come with an asterisk attached. Decode the nuances of what modern clients expect and be ahead of the traditional market.
Should your VC-backed darling go for another round or target that IPO? There’s a lot to learn before an informed decision can be made.
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For fintech, crises often serve as the ultimate accelerator into mainstream acceptance or outright rejection, but hardly ever does the industry see such a hard reset. Consider our report your ultimate guide to this newly-formed world.
Did you know?
While fintech investments at the seed stage decreased in 2020, series rounds grew by double-digits — with Series C spiking 69% YoY
Fintech Innovation Lab still is the king of fintech incubators, with 210 companies in their portfolio
Funding-wise, the only sector to emerge from 2020 wholly unscathed was banking, which saw stable increases year-round
The most invested fintech subdomains were mobile wallets, payments processing, insurance, and digital banking, accruing a total of over $32 billion
Fintech unicorns haven’t slowed, with 12 emerging in Q1 of ‘21
Mega-rounds were aplenty, perhaps more in fintech than any other industry
Mergers & acquisitions went up 25% last year
Cutting-edge tech like blockchain and next-gen machine learning are being adopted at breakneck pace by the industry
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THE STATE OF FINTECH 2021