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.
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.
Featured image: Global Fintech Report Q2’2019, CB Insights, August 2019
