Distribution of Funding Rounds by Volume Smaller deals drive FinTech funding as larger companies require significant funding for expansion
funding Deals by Sector
c.90% of funding deals were under $25M
89% of funding deals were under $25M
Banking Tech
9% 2%
9% 2%
Payment Tech
InsurTech
6%
7%
18%
36%
Crypto/Block chain
10%
2023
2024
50%
Financial Management Solutions
2024
39%
18%
12%
WealthTech
53%
13%
15%
Credit / Lending Tech
Financial Data & Risk
$5 - $10M $10 - $25M $25 - $50M $50M+
• The FinTech sector consistently attracts funding for smaller deals, with 90% of 2024 fundings falling below the $25 million mark. While early-stage VC funding remains active, the significant number of later-stage VC deals indicates a strong appetite for mature FinTech companies as well. • The average FinTech deal size has increased to $14.7 million from $13.6 million in 2023. • Payment tech companies raised the most capital, followed by companies operating in ‘Financial Management Solutions’, ‘Credit Len ding Tech’ and ‘Financial Data & Risk’ sectors.
Source: Pitchbook as of 31 December 2024. Data consists of transactions where deal value was disclosed.
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