Fintech Funding in 2019 Projected To Dip After Staggering Growth in 2018

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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.

Financial Technology Funding Over Time

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.

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