How is the funding environment shaping up for financial technology in 2019? As we pass the mid-year mark, let’s see how the year-to-date metrics compare to the historical trends. The graph below shows fintech total funding by year, stacked by quarters.
As the graphic demonstrates, fintech has amassed $18.8B through Q1 and Q2 of this year. This amount represents 45% of the total funding in 2018, and 71% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $1B round into Figure, a $700M round into Kabbage, and a $500M round into SoFi.
A straight-line projection of the completed funding this year would result in $37.6B, which is 89% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $30B, which falls short of the total 2018 funding by 29%. Therefore, based on the mid-year data, fintech funding in 2019 is projected to decline from the funding in 2018.
To learn more about our complete financial technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].
Categories
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.