Fintech’s growth globally
One of the main takeaways highlighted in the report is fintech’s growth globally. The report reveals that global fintech funding hit $6.3B in Q1’19 and Europe pulled ahead of Asia for fintech funding for the first time in five quarters. This is particularly exciting to Elsen as our team is proud to be contributing to the industry’s growth worldwide.
Elsen’s platform has made research and analysis easier and faster for investment professionals around the globe. Elsen’s data partners include S&P Global and the London Stock Exchange – and the company’s partnership with Refinitiv serves the global asset management industry. These are just a couple of examples of how Elsen is helping drive fintech adoption globally.
According to the report, fintech achieved the following milestones in Q1’19:
Europe beats Asia in funding and the US remained the top market for deals: Europe saw funding grow to $1.7B, surpassing Asia which saw $875M in funding in Q1’19.
India challenges China for the top Asian fintech market: India was the top Asian market for VC-backed fintech funding in Q1’19 with $286M in funding.
VC-backed fintech deals remain strong
As fintech continues to accelerate rapidly, it is not surprising that “Q1’19 VC-backed fintech deals remain strong.” Per the Global Fintech Report Q1 2019:
In the first 3 months of 2019, VC-backed fintech companies raised $6.3B across 445 deals globally. Deals were up 4% quarter-over-quarter (QOQ) while funding dipped 13%.
As the industry transforms to become more data-driven, Elsen remains committed to helping financial institutions adopt modern, agile technology to redefine how research and investment teams operate. It is a privilege to be part of a team that is truly helping to move the industry forward.
You can download the full Global Fintech Report Q1 2019 here.