August 12, 2019
In July 2019, FinTech startups across the world raised $3.98 billion worth of VC/PE investments from 205 deals. In terms of MoM trends, there was an increase of 35.3% from the $2.94 billion raised by FinTechs in terms of VC funding in June 2019. In terms of the number of deals, there was a significant increase of 20.5% MoM compared to 170 deals in June.
In region-specific terms, the Americas dominated global FinTech VC funding in July with 66.1% in contributions in funding value ($2.63 billion) and 38% in terms of the number of deals (78). Europe placed second with 17.1% in contributions to global FinTech VC funding in July by value ($682.8 million) and 30.7% in terms of the number of deals (63).
In countries-wise terms, the US-led the charge in July with 44.5% in contributions in funding value ($1.77 billion) across 65 funding deals. Brazil placed a distant second with 15.8% in contributions to global FinTech VC funding by value ($632.2 million).
In terms of the number of deals, Brazil contributed 1.4% to the global FinTech VC funding in July. Germany ($264.9 million), India ($233.6 million), and the United Kingdom ($216.8 million) were the other three of the top five countries in terms of VC/PE FinTech investments in July.
Among the segments, Neo/Digital Banks led the VC funding race in July 2019 with $738.3 million in funding across 7 deals. The top funding rounds from this segment in July 2019 were the Brazil-based NuBanks’ Series F funding of $400 million and the Germany-based N26s’ Series D funding of $170 million.
The segment that held second place in the funding race was WealthTech, which saw $710.4 million raised across 32 funding deals. The top fundraises in this segment were the US-based Robinhoods’ Series E funding of $323 million and the US-based Money Lion’s Series C funding of $100 million.
Lending was third in the list of segments with the highest VC funding in July 2019 as the startups in this segment raised $572 million raised across 35 funding deals. This was majorly contributed by the Brazil-based Creditas Series D funding of $231 million and the Mexico-based Smart Lending’s Series B funding of $80 million. B2B FinTech and InsurTech were the other two among the top five FinTech segments in terms of funding value in July.
B2B FinTech raised $338.3 million across 6 deals was led by Gusto’s Series D funding of $200 million. On the other hand, InsurTech startups raised $316.6 million across 26 deals. The funding in this segment was majorly contributed by the US-based Hippo Insurance’s $100 million Series D funding and the Singapore-based Singapore Life’s funding of $90 million.
*Judo Bank hasn't been considered for this analysis.