全球金融科技报告28年第一季度ppt课件.pptx

GlobalFintechReportQ12018 WHOWEARE Thetechnologymarketintelligenceplatform CBInsightssoftwareletsyoupredict discuss andcommunicateemergingtechnologytrendsusingdatainwaysthatarebeyondhumancognition WearealeaderintheExpertAutomation AugmentationSoftware EAAS space 2 TRUSTEDBYTHEWORLD SLEADINGCOMPANIES WeuseCBInsightstofindemergingtrendsandinterestingcompaniesthatmightsignalashiftintechnologyorrequireustoreallocateresources BetiCung CorporateStrategy Microsoft 3 TheCBICommunity MembershipHasBenefits INDUSTRY SCALESUMMITS PEER TO PEERNETWORK CLIENT ONLYEVENTS DEMODAY 4 WHATTHISREPORTCOVERS Paymentsprocessing carddevelopers subscriptionbillingsoftwaretools Companiessellinginsurancedigitallyorprovidingdataanalyticsandsoftwarefor re insurers Toolstomanagebillsandtrackpersonaland orcreditaccounts Sales trading analysis andinfrastructuretoolsforfinancialinstitutions PAYMENTS INSURANCEBILLING CAPITAL PERSONALFINANCE MARKETS Audit risk andregulatorycompliancesoftware Investmentandwealthmanagementplatformsandanalyticstools WEALTH REGTECH MANAGEMENT MONEY Companiesleveragingblockchaintechnologiesforfinancialservices Internationalmoneytransferandtrackingsoftware BLOCKCHAIN CRYPTO TRANSFER REMITTANCES MORTGAGE LENDING REALESTATE Mortgagelending digitization andfinancingplatforms Marketplacelending alternativeunderwritingplatforms GLOBALFINTECHREPORTQ12018 5 Contents 8Q1 2018FinancingTrends 53IncumbentFintechInvestingUpdate AnnualDeals DollarsRegionalTrends 62Appendix FintechUnicorns Majormarketsfinancingtrends 20TopDealsandTopInvestorsQ1 2018TopVC BackedFintechDeals MostActiveFintechInvestorsQ1 17 Q1 18 25Q1 2018SectorTrends 6 Summaryoffindings VC backedfintechcompaniesraised 5 4Bacross323dealsgloballyinQ1 2018 Globalfintechdealactivityhitanewquarterlyrecord TheUSsawthelargestboostindeals whileEuropesawfintechdealactivitydiptoa5 quarterlow AsiafintechfundingsawthelargestquarterlyspikeinQ1 2018onthebackof4 100M investments FundingtoAsia basedfintechcompaniessurgedonthebackof4mega rounddealsof 100M orgreater Q1 18fintechfundinginSouthAmericaalreadysurpassed2017 sannualtotal Inthefirst3monthsof2018 VC backedfintechcompaniesinSouthAmericaraised 271M alreadysurpassing2017 sannualfundingtotal Fundingsawaboostfroma 150Mmega rounddealtoBrazilianmobilebankingunicornNubank Europefintechdealsdippedto5 quarterlowinQ1 18 VC backedfintechcompaniesinEuropesawthelargestpullbackinearly stageinvestments Despitethedipindeals fundinghita5 quarterhighdrivenby 100M investmentstolater stagedigitalbankingstartupsN26andAtomBank FintechfundinginQ1 18sawaboostfrom12 100M investments aquarterlyrecordformega rounds The10largestfintechdealstoVC backedcompaniesinQ1 2018wereall 100Morgreaterasinvestorscontinuedtomakemoreconcentratedbetsinthesector 100M investmentsspannedfourcontinentsandincludedN26 eToro OscarHealth andC2FO Bankscontinuetomakefintechinvestments butslowdownpace Overthelastfivequarters topUSbanksincludingGoldmanSachs Citigroup andJPMorgansloweddowntheirfintechinvestmentsrelativeto2016 shighs EuropeanbanksweremoreactiveasSantandermadethreenewportfolioinvestmentsinQ1 18 Note ReportfocusesonallequityroundstoVC backedfintechcompanies Thisreportdoesnotcovercompaniesfundedsolelybyangels privateequityfirmsoranydebt secondaryorlineofcredittransactions AlldataissourcedfromCBInsights 7 GLOBALFINTECHVC BACKEDEQUITYFUNDINGINQ1 2018 5 4BILLION ACROSS 323DEALS 8 GlobalfintechinvestmentonpacefornewhighAnnualVC backedglobalfintechdealsandfinancing 2013 2018 Q1 18 B 1165 1049 963 790 588 323 3 7 7 9 14 72015 13 82016 16 52017 2013 2014 Q1 2018 9 Q1 18seesnewquarterlyrecordforglobalVC backedfintechdealsasfundingrebounds 323 304 294 299286 276 270 263 251 250 242 227 224 215 208 183 175 170 162 134 122 10 NorthAmericaseesbiggestfintechdealsjumpGlobalVC backedfintechdealsharebycontinent Q1 17 Q1 18 M 157 North America 137 38 Quarterly 121 11792 114 8766 8663 8566 Asia 7877 Europe 51 19 13 South 12 6 4 America Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 11 SouthAmerica AsiaseebiggestfundinggrowthGlobalVC backedfintechfundingsharebycontinent Q1 17 Q1 18 M 41 271 164 519 933 103 12 497 188 900 35 701 681 2 023 2 793 1 373 12 849 1 289 2 080Q2 17Asia 2 066 2 469 2 170 Q1 17 Q3 17 Q4 17 Q1 18 NorthAmerica Europe SouthAmerica 12 Early stagefintechdealdropsto5 quarterlowQuarterlydealsharebystagetoglobalVC backedfintechcompanies Q1 17 Q1 18 9 12 13 Other 15 15 22 10 Late StageMid StageEarly Stage 19 7 20 8 18 7 21 10 62 60 60 59 55 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 13 EARLY STAGEFINTECHACTIVITYSTRONGINUS ASIAINQ1 18 USearly stagefintechdealshita5 quarterhighAnnualSeedandSeriesAdealstoVC backedfintechstartups Q1 17 Q1 18 87 North America 38 YOY 6763 6856 6660 65 Asia 4943 68 YOY 4733 43 36 Europe 51 YOY 28 South 10 America 8 7 4 4 75 YOY Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 14 INVESTORSCONTINUETOMAKEMORECONCENTRATEDBETSINFINTECH Q1 18 12fintechmega roundstotal 2 2BGlobalnumberoffintechmega rounds 100M 2013 Q1 18 20 17 11 9 8 8 5 4 4 4 4 3 3 2 1 1 1 2013 2014 2015 2016 2017 Q1 2018 NorthAmerica Asia Europe SouthAmerica 15 GLOBALLYTHEREARE 26FINTECHUNICORNS VALUED INAGGREGATE AT 77 6BILLION 16 26fintechunicornsvaluedat 77 6B GlobalVC backedfintechcompanieswithaprivatemarketvaluationof 1B NORTHAMERICA EUROPE UNITEDSTATES UNITEDKINGDOM SWEDEN NETHERLANDS 1 1BValuation 1 6BValuation 1B 2 5B 2 3B 1 3B ASIA 1 79B 1 56B CHINA 1B 1 46B 1 24B 1 2B 3 2B 1B 9 2B 1BValuation 4 5B 2B asofQ2 15 3 6B 1B 1B 18 5B INDIA 7B 4B SOUTHAMERICA 1 9B BRAZIL 17 1B 2B Q1 2018sees2fintechunicornbirths GlobalVC backedfintechcompanieswithaprivatemarketvaluationof 1B NORTHAMERICA UNITEDSTATES 1 1BValuation SOUTHAMERICA BRAZIL 1B 2B RumoredIPOstowatchforin2018 GlobalVC backedfintechcompanieswithaprivatemarketvaluationof 1B NORTHAMERICA EUROPE UNITEDSTATES UNITEDKINGDOM NETHERLANDS 1B 2 3B FintechFirmGreenSkyFilesConfidentiallyforIPOseekingtoraise 1Batavaluationofroughly 5B March11 2018 3 6B GLOBALVC BACKEDFINTECHINQ1 18Topdeals investors 20 Top11globalfintechdealsinQ1 18Thetop11dealstoVC backedfintechcompanieswereallmega rounds DealDate Amount TotalDisclosed Company Funding M SelectInvestors Description Jan 18 650M 650MIDGCapitalandSBIGroup Aspin outfromPingAnandprovidesaplatformforfinancialaccountmanagementforSMBs Mar 18 206 9M 514MBBVA Toscafund 1 25BValuation Mobile onlybank or challengerbank forretailbankingservicesthatallowscustomerstoopenaccountsremotely usingjustamobileapplication Mar 18 165M 892 5MFoundersFund General 3 2BValuation Catalyst KhoslaVentures ThriveCapital 8VC capitalG Tech enabledhealthinsurancecarrier Mar 18 160MMar 18 160M 266 6MForebrightCapitalManagement LingfengCapital Alternativecreditriskmonitoringandassessmentplatformforindividuals 212MAllianzX TencentHoldings 500 750MValuation German based challengerbank forretailbankingservicesthatallowscustomerstoopenaccountsremotelyusingjustamobileapplication 21 Top11globalfintechdealsinQ1 2018 continued 2ofthetop11dealstoVC backedfintechcompaniescreatednewunicorns DealDate Amount TotalDisclosed Company Funding M SelectInvestors Description Mar 18 153M 183MAccelPartners capitalG CredoVentures 1 1BValuation EarlybirdVentureCapital KleinerPerkinsCaufield Byers Roboticprocessautomation RPA softwaresolutionsforbackofficeautomation Mar 18 150M 605MRibbitCapital ThriveCapital DSTGlobal 1 2BValuation FoundersFund QED RedpointVentures Brazil based challengerbank forretailbankingservicesthatallowscustomerstoopenaccountsremotelyusingjustamobileapplication Feb 18 145 97M 146MLightspeedChinaPartners FullshareGroup GobiPartners MorningsideVentureCapital China basedalternativelendingplatform Mar 18 110MMar 18 100M 229MFoundersFund GoogleVentures NewEnterpriseAssociates SunLifeFinancial InsuranceplatformforSMBsthatadministersmedical pharmacy dental andvisionclaimsonasingleplatformonbehalfofitscustomers 172MChinaMinshengInvestment 800MValuation SBIGroup KoreaInvestmentPartners Digitalbrokerageforretailinvestorstoaccessequityandcryptomarket Feb 18 100M 199MMithrilCapitalManagement Mubadala 495MValuation InvestmentCo UnionSquareVentures Digitalmarketplaceforbuyersandsellersofworkingcapitalfinancing 22 ThemostactivefintechVCsfromQ1 17 Q1 18Byuniquefintechcompanyinvestments neworfollow on RankInvestor SelectQ1 17 Q1 18FintechInvestments 1 23 45 23 ThemostactivefintechVCsfromQ1 17 Q1 18Byuniquefintechcompanyinvestments neworfollow on RankInvestor SelectQ1 17 Q1 18FintechInvestments 5 779 24 GLOBALVC BACKED FINTECHQ1 2018 PERSONALFINANCE REGTECH WEALTHTECH CAPITALMARKETS ALTERNATIVELENDING INSURTECH BLOCKCHAIN MACROSSECTORTRENDS GLOBALVC BACKED FINTECHQ1 2018 INSURTECH MACROSSECTORTRENDS InsurancetechdealsandfundingreboundinQ1 18GlobalVC backedinsurancetechfinancingtrends Q1 17 Q1 18 M 40 40 34 30 18 143 601 239 463 645 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 27 Carrierscapoffbigfundingquarterforinsurancetech Mar 18 165MSeriesD Mar 18 51MSeriesC 3 2BValuation electInvestors edpointVentures RibbitCapital ScaleVentureartners DriveCapital SelectInvestors FoundersFund GeneralCatalyst Khos Ventures ThriveCapital 8VC capital escription RootInsurance smobileapptestsdrivinghabitsfor2 3weeksincludingmileage hardbraking dangerousroutes drivingregularity andtimeofdaybeforeinsuring gooddrivers Expandedto11statesinQ1 18 nowin16states 100K installsinGooglePlaystore Q1 18announcements Multi yearquota sharereinsuranceagreementwithAXA Estimated15 shareofindividualClevelandClinic Oscarplan Forecastedtogrowto260Kmembersin2018 28 Cyberinsurancebecomesnewareaofearly stageinvestments SelectQ1 18investments 10MSeriesAfromVYCapital 4Mseedroundfrominvestors InvestorsincludeForgePoint andRibbitCapital includingLightbank CapitalandSymantecVentures CyberinsurancemanaginggeneralagentforSwissReandArgoGroup Cyberinsurancebrokerprovidingupto 1Mincyberliabilitycoverage Cyberriskanalyticsplatform spunoutofSymantec DatalicensefromSymantecto Offersonlineportalforretailbrokersaswellasfreecybersecuritytools Freephishingandcompany augmentCybercuberiskmodels cyberriskassessment 29 GLOBALVC BACKED FINTECHQ1 2018 ALTERNATIVELENDING MACROSSECTORTRENDS Investmenttoalternativelendingstartupsisonpaceforanewlowin2018 GlobalalternativelendingVC backedfinancingtrends 2013 2018 Q1 18 B 0 6 2 3 5 6 4 3 4 0 0 9 2013 2014 2015 2016 2017 Q1 2018 31 Despitepublicmarketstrugglesforalternativelenders newrivalsarefindingtraction LaunchedbyformerLendingClubCEORenaudLeplanchein2017 Upgradeprovidesonlinepersonalloansupto 50K InApril Upgradeannouncedthatit soriginating 100Minpersonalloansamonthandexpectstodoover 2Binoriginationsin2018 Upgraderaiseda 60MinSeriesAfundingfrominvestorsincludingUnionSquareVentures VYCapital CreditEase andRibbitCapitalinMarch2017 andisreportedlyvaluedat 180M 32 InAsia alternativelendingdealscontinueshiftawayfromChina VC backedalternativelendingdealactivity Chinavs restofAsia 2014 2018 Q1 18 IndiasawaspateofalternativelendingdealsinQ1 18 includingtosmallbusinesslendingfirmLendingkart 87M microlenderAvailFinance 17M salaryadvancestartupEarlySalary 15 7M andasset backedonlinelenderRupeek 7M 32 36 43 46 78 68 64 57 54 22 2014 2015 2016 2017 2018 RestofAsia China GLOBALVC BACKED FINTECHQ1 2018 WEALTHTECH MACROSSECTORTRENDS Wealthtechdealsandfundinghit5 quarterhighGlobalwealthtechVC backedfintechfinancingtrends Q1 17 Q1 18 M 28 24 24 21 18 197 540 277 172 546 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 35 Q1 18wealthtechinvestmentsawaboostfromestablishedplayerspursuingcontrastingmodels Focus B2Ctechnology backedwealthmanagementservices 10BAUM Focus B2C B2Bmicro investingandautomaticsavings Q1 18Funding 75MSeriesG Q1 18Funding 38SeriesD SelectInvestors TigerGlobal SelectInvestors UnionSquareVentures ValarVentures GoodwaterVentures Entr eCapital BreyerCapital CoatueManagement Management Benchmark DAGVentures GreylockPartners IndexVentures RibbitCapital SocialCapital SparkCapital Q1 18sawinvestmentstorobo focusedstartupsacrossdifferentbusinessmodelsandmarkets SelectQ1 18investments CANADA JAPAN ROBO ADVISOR MICRO INVESTING ROBO ADVISOR 2 5MSeed 51MSeriesB 63MSeriesA UNITEDSTATES MICRO INVESTING ROBO ADVISOR MICRO INVESTING 41MSeriesC 35MSeriesD 75MSeriesG ROBO RETIREMENT 2MSeed 11MSeriesA SOUTHAMERICA 21MSeriesB ROBO ADVISOR 37 2MSeriesB GLOBALVC BACKED FINTECHQ1 2018 PERSONALFINANCE MACROSSECTORTRENDS THEFUTUREOFRETAILBANKING Willchallengerbanksreplacephysicalbranches Challengerbanksareattackingbanksacrossvectors Transparent competitivepricing Digital onlyplatforms Enteringnewmarkets products Centralizedpersonalfinance 39 CHALLENGEACCEPTED TopQ1 18dealsinEuropewenttodigital firstchallengerbanks Mar 18 160MSeriesCMar 18 207MSeriesD 500M 750MValuation 1 25BValuation SelectInvestors AllianzX TencentHoldings SelectInvestors BBVA ToscafundAsset Management 40 NUBANKISEXPANDINGINTORETAILBANKINGWITHCURRENTSAVINGSACCOUNT NubanklaunchesNuCanta digitalsavingsaccounts Mar 18 150MSeriesE January18 2018 2BValuation SelectInvestors GoldmanSachs SequoiaCapital TigerGlobalManagement RibbitCapital ThriveCapital DSTGlobal FoundersFund QED RedpointVentures Brazil basedNubankisamobile only challengerbank focusedonthe60Munbanked underbankedpeopleinLatAm In2017 Nubankreportedhavingapproximately3Mcustomersand850employees Upnext they relaunchingpersonalsavings hiringinternationally 41 GLOBALVC BACKED FINTECHQ1 2018 REGTECH MACROSSECTORTRENDS Regtechdealsandfundinggrowasearly stagecompaniesraisefollow oninvestmentstoscale GlobalVC backedregtechfinancingtrends Q1 17 Q1 18 M 21 15 13 11 10 69 62 116 160 311 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 43 Regulationsaretopofmindonearningscallsaheadofimplementationdeadlines MentionsoffinancialservicesregulationtermsinearningscallfromQ1 12 Q4 17 MIFID GDPR KEYREGULATORYIMPLEMENTATIONDATES 3January2018 MarketsinFinancialInstrumentsDirectiveII MiFIDII 3January2018 TheMarketsinFinancialInstrumentsRegulation MIFIR 12January2018 RevisedPaymentServicesDirective PSD2 25May2018 GeneralDataProtectionRegulation GDPR Dodd Frank PSD2 OpenBanking Search CBInsightsEarningsCallData 44 Corporatesboostedfundingtomid andlate stageregtechstotackleregulatorycompliance SelectQ1 18Investments BEHAVIORTRACKING ANTI MONEYLAUNDERING TAXCOMPLIANCE DATARISKMANGEMENT LastFunding LastFundingUndisclosedSeriesB LastFunding LastFunding 17 5MSeriesB 30MSeriesC 30MSeriesD 45 GLOBALVC BACKED FINTECHQ1 2018 CAPITALMARKETS MACROSSECTORTRENDS Infrastructureisacorefocusforcapitalmarketstechinvestors GlobalVC backedcapitalmarketstechfinancingtrends Q1 17 Q1 18 M 54 49 48 44 42 366Q1 17 872 638 525Q4 17 1 084Q1 18 Q2 17 Q3 17 47 AUTOMATIONSTILLACOREFOCUSAREAFORTHEINDUSTRYEXAMPLEWORKFLOWAUTOMATION LastFunding 153MSeriesB Q1 18 Valuation 1 1B UiPathspecializesinroboticprocessautomation leveragingcomputervisiontooperatetheuserinterfacelayerofsoftwaremoreefficiently accuratelythanhumanusers SelectInvestors Accel capitalG CredoVentures KleinerPerkinsCaufield Byers SELECTCUSTOMERS 48 BANKINVESTORSMAKEBEAUTIFULMUSICCO INVESTINGINCOMMUNICATIONS LastFunding 67MSeriesD Q2 18 Symphony scommunicationplatformisacloud basedmessagingandcollaborationplatformledbyGoldmanSachs ThetechnologyoriginatedoutofaninternalmessagingsystematGoldmancalledLiveCurrent AsofMay Symphonycounted200 000payingcustomers SELECTBANKINVESTORS 49 GLOBALVC BACKED FINTECHQ1 2018 BLOCKCHAIN MACROSSECTORTRENDS Pure playICOsarelosingfundingmomentumDisclosedfundingofcompletedICOs January2017 March2018 215 170 TotalCompleted ICOs 150 TotalDisclosed 136 USDRaised 99 121 113 62 35 30 17 12 15 103M 200M 648M 460M 329M 775M 858M 823M 5 2 1 2B 1 6B 1 2B 507M Jan 17Feb 17Mar 17Apr 17May 17Jun 17Jul 17Aug 17Sep 17Oct 17Nov 17Dec 17Jan 18Feb 18Mar 18 Sources CBInsights TokenData 51 BlockchainfintechdealsreboundinQ1 18GlobalVC backedblockchainfintechfinancingtrends Q1 17 Q1 18 M 30 23 20 17 16 111 185 151 269 163 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Note Blockchaininvestmentsoutsideoffinancialservices relatedapplicationsarenotincludedinthisdata 52 VCslooktoinvestintokenizedsecuritiesasregulatorsclampdown SelectQ1 18investments 10MSeriesAfromVYCapital ValorEquityPartners andFifthWallVentures 5MSeriesAinFebruary2018 Templumisbuildingaregulatorycomplianttradingplatformfordigitalassetsofferedassecurities Decentralizedcomplianceprotocolforstandardizingcrypto securitiesissuanceandtrading AcquiredLiquidMarketsGroup sbrokerdealerandalternativetradingsystemLiquidMCapitalinFebruary2018 NewsmentionsofinitialcoinofferingscamsreachedanapexinFebruary2018asregulatorspressedCongressformoreoversightofcryptocurrencies UsecasesincluderealestateassetsincludingprivateREITsandrealestatefunds 53 Investmentandcustodysolutionsforcryptocurrenciesattractmorefunding SelectQ1 18investments 75MSeriesBfrominvestorsincludingFirstMarkCapital DraperEsprit andCathay 3 4MseedroundinFebruary 2 1MseedroundfromLererHippeauVentures Compound andBoostVCinMarch2018 2018ledbyTrueVentures TheBoston basedstartupprovidesinvestmentportfolioanddatasolutionsfor InnovationinJanuary2018 Casaplanstoprovideapersonalkeysystemtoprotect Ledgersaysitsoldamillionhardwarewalletsfor cryptocurrencies cryptocurrencyholdings cryptocurrenciesin2017vs 30 000in2016 Portfoliosincludeacquisition digitalwalletpreparationandancoldstoragecustodyprocess 54 INVESTORSPOTLIGHT Incumbentfintechinvestingupdate 55 USbankssloweddownfintechinvestingin2017 Overthelastfivequarters topUSbanksincludingGoldmanSachs Citigroup andJPMorgansloweddowntheirfintechinvestmentsrelativeto2016 shighs However whentheydidparticipateinfintechdeals theycontinuedtospreadtheirbetsacrossdataanalytics infrastructure alternativelending payments andmore InvestingininfrastructuretakespriorityforUSbanksoverblockchain Banksarerampinguptheirfocusonupdatinginfrastructurebyinvestedincapitalmarketssoftwarestartupsacrosssales tradingto communications 7 12 BLOCKCHAINSTARTUPS VS SOFTWARESTARTUPS USfinancialservicesinvestorshaveinvestedinmorecapitalmarketssoftwarecompaniesthanblockchainstartups Europeanbanksslowedfintechinvestingin2017 Relativeto2016 EuropeanbanksincludingSantander Barclays andUBSalsosloweddown participatinginfintechdeals InQ1 18 however theypickedupthepace participatingin11deals Sant