In the 2nd quarter of 2019, fintech funding topped US$8.3 billion, bringing the first half 0f 2019 global fintech funding to US$15.1 billion, according to CB Insights’ Global Fintech Report Q2’2019 report.
Via Global Fintech Report Q2’2019, CB Insights, August 2019
The quarter saw a record of 25 mega-rounds of US$100 million+ that totaled US$5 billion. 15 of these took place in North America, while five were in Europe, four in Asia, and one in Latin America.
Meet the 7 new fintech unicorns of Q2’2019
Q2’2019 also witnessed the birth of seven new fintech unicorns. These are:
Marqeta, a card issuing platform, providing infrastructure and tools for building highly configurable payment cards;
Bill.com, a company specialized in financial process automation for small businesses and mid-size companies (SMEs);
Carta, formerly eShares, a software platform for founders, investors, and employees to manage equity and ownership;
Lemonade, a property and casualty insutech company;
Checkout.com, a global payment solutions provider;
Ivalua, a unified platform for all sourcing and procurement needs; and
Liquid, a cryptocurrency platform providing trading, exchange and next-generation financial services powered by blockchain technology.
To date, there are 48 fintech unicorns, combined these startups are valued at US$186 billion. Much of these unicorns are largely concentrated in North America and Europe but Asia, particularly China, is quickly catching up.
Via Global Fintech Report Q2’2019, CB Insights, August 2019
Featured image: Global Fintech Report Q2’2019, CB Insights, August 2019
