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FT Partners Quarterly FinTech Insights and Annual Almanac

FT Partners is the only data source for comprehensive, global FinTech deal activity covering M&A, Financing and IPO statistics and trends

FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive year-end Almanac. All information included in the reports is sourced from FT Partners’ Proprietary Transaction Database, which is compiled by the FT Partners Research Team through primary research and data analysis. The reports feature M&A, financing and IPO statistics and trends as well as breakdowns by FinTech vertical, geography, investor-type and much more.

Be sure to check back for quarterly updates and additions. All recent reports can be viewed or downloaded for free below.



Q3 2018 FinTech Insights

Q3 2018 Financing

$10.8 billion
in financing volume

390+
transactions

Q3 2018 M&A

$26.3 billion
in M&A volume

225+
transactions


Q3 2018 Highlights

  • Financing volume in Q3 2018 was the second largest ever at $10.8 billion; this follows the record breaking Q2 2018, which reached $24.4 billion due in part to Ant Financial’s $14 billion capital raise
  • Having long surpassed all other annual financing volume totals, 2018 is already a record breaking year with $43.1 billion in total volume through Q3
  • Even when excluding Ant Financial’s round, 2018 YTD financing volume of $29.1 billion is higher than all prior years, with one more quarter to go
  • M&A volume in 2018 YTD through Q3 ($106.5 billion) has already surpassed the volume in 2017 ($87.7 billion) as well as all prior years except 2015 ($139.7 billion), which included Visa’s $23.4 billion acquisition of Visa Europe
  • There have already been 23 $1 billion+ M&A deals announced this year – compared to 21 in all of 2017

Global FinTech Financing Volume by Year


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Q2 2018 FinTech Insights

Q2 2018 Financing

$24.4 billion
in financing volume

390+
transactions

Q2 2018 M&A

$36.1 billion
in M&A volume

200+
transactions


Q2 2018 Highlights

  • Q2 2018 marks the largest quarter ever for FinTech financing volume ($24.4 billion), which included the largest private FinTech financing round ever, Ant Financial’s $14 billion raise
  • Even when excluding the mega round, the total financing volume in Q2 2018 still exceeded all prior quarters at $10.4 billion
  • Total financing volume in the first half of 2018 ($32.3 billion) has already surpassed the annual record of $28.7 billion in 2016 due to the Q2’s significant volume
  • M&A volume in the first half of 2018 ($80.2 billion) is already close to exceeding the volume of 2017 ($87.7 billion)
  • 71% of M&A deals in the first half of 2018 involved acquisitions of North American companies, accounting for 70% of the total dollar volume

Global FinTech Financing Volume by Quarter


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Q1 2018 FinTech Insights

Q1 2018 Financing

$7.9 billion
in financing volume

420+
transactions

Q1 2018 M&A

$44.1 billion
in M&A volume

200+
transactions


Q1 2018 Highlights

  • Q1 2018 financing volume of $7.9 billion represented another strong quarter of activity and was well ahead of $4.4 billion in the year-ago quarter and up slightly from the volume in Q4 2017 ($7.8 billion)
  • 53% of financing transactions so far this year have been capital raises for North America-based companies accounting for 53% of the total dollar volume raised
    • These figures are both increases from prior years (2016 and 2017) in which majority of financings were internationally based
  • M&A volume in Q1 2018 ($44.1 billion) was the highest quarterly volume since 4Q 2015 ($50.5 billion), led by Blackstone’s
  • $20 billion acquisition of Thomson Reuters’ Financial & Risk Business (now rebranded as Refinitiv)
  • Total M&A volume so far this year is already more than half of the total volume in 2017 ($87.7 billion)

Q1 2018 FinTech Financing by Sector

Q1 2018 FinTech Financing by Sector

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2017 FinTech Insights

2017 Financing

$26.3 billion
in financing volume

1,615+
transactions

2017 M&A

$87.7 billion
in M&A volume

910+
transactions


2017 Highlights

  • Global FinTech financing volume in 2017 fell from 2016’s record level, while the number of transactions was essentially in-line with 2016; still, 2017 was the second highest year ever for both volume and number of transactions; overall volume dropped by 8% in the year to $26.3 billion, while the number of transactions was approximately equal
  • When excluding the 3 largest financings in each year, 2017 actually reached a record high of $22.2 billion in volume compared to 2016’s $19.7 billion
  • Europe had significant increases in financing activity during the year, reaching the highest levels ever for the region – volume in Europe grew by 219% along with a 22% increase in the number of transactions compared to 2016
  • Global M&A volume ($87.7 bn) and deal count (912) in 2017 both exceeded the prior year
  • 3 out of the top 5 largest M&A deals during the year were acquisitions of European Payments companies

FinTech Financing Activity By Region – Dollar Volume

2017 FinTech Financing by Sector

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Q3 2017 FinTech Insights

Q3 2017 Financing

$5.1 billion
in financing volume

412
transactions

Q3 2017 M&A

$32.9 billion
in M&A volume

235
transactions


Q3 2017 Highlights

  • Q3 2017 financing volume of $5.1 bn was lower than Q2 2017 ($8.8 bn) but higher than Q1 2017 ($4.3 bn). This quarter saw the second highest financing deal count ever at 412, only behind Q1 2016, which had 438.
  • Financing volume year-to-date is tracking just below 2016’s record level and is on pace for the second strongest year ever. This is even more impressive considering that 2016 was skewed by a handful of megadeals in China.
  • 2017 FinTech financing volume in Europe ($5.3 bn) is already more than 2x the financing volume of 2016 for the region ($2.6 bn).
  • Q3 2017 M&A volume ($32.9 bn) was the highest since Q4 2015 ($50.5 bn), which included Visa’s $23.4 bn acquisition of Visa Europe.
  • The four largest M&A transactions this quarter were all acquisitions of European Payments companies, with Vantiv’s $9.9 bn acquisition of Worldpay as the largest deal of the year so far.

Global FinTech Financing Volume


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Q2 2017 FinTech Insights

Q2 2017 Financing

$8.8 billion
in financing volume

377
transactions

Q2 2017 M&A

$13.5 billion
in M&A volume

202
transactions


Q2 2017 Highlights

  • At $8.8 billion in financing volume, Q2 2017 was a very strong quarter with financing volume more than double Q1 2017 levels.
  • Financing volume year-to-date is tracking just below 2016’s record level and is on pace for the second strongest year ever. This is even more impressive considering that 2016 was skewed by a handful of megadeals in China.
  • The three largest financing deals this quarter were raised by international companies; So far in 2017, international company financings make up 63% of the total financing volume.
  • FinTech activity in Europe in particular has dramatically increased this year, with financing volume of $4.2 billion year-to-date already surpassing last year’s total volume of $2.6 billion.
  • M&A volume in the first half of 2017 is trending higher than that of the first half of 2016, while the number of M&A deals is lower.
  • In the first half of 2017, 52% of the total M&A volume came from domestic company acquisitions while 63% of the total number of deals was comprised of domestic companies.

Global FinTech Financing Volume


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Q1 2017 FinTech Insights

Q1 2017 Financing

$4.3 billion
in financing volume

369
transactions

Q1 2017 M&A

$23 billion
in M&A volume

235
transactions


Q1 2017 Highlights

  • Although unable to reach the record highs of Q1 2016, Q1 2017 had fairly strong levels for both financing volume ($4.3 bn) and deal count (369), both higher than Q4 2016
  • The Banking sector produced the highest financing volume for the quarter ($2 bn) in part due to online lender Sofi’s $500 mm raise and banking tech firm Avaloq’s $353 mm financing
  • Additionally, the Banking sector had the highest number of financing transactions as well (102), nearly 20 more than the next closest sector
  • M&A volume and deal count started out with a strong first quarter as well with 60% higher M&A volume and 17% higher M&A deal count than in Q4 2016
  • The Healthcare and Banking sectors had the highest M&A volume ($6.5 bn and $6.4 bn) respectively, with the largest deals being Aon’s $4.8 bn sale of its Employee benefits BPO division to the Blackstone Group and Vista Equity Partners’ $3.6 bn acquisition of D+H
  • The Payments sector had the highest deal count at 59 M&A transactions this quarter

Q1 2017 FinTech Financing by Sector

Q1 2017 FinTech Financing by Sector

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2016 FinTech Almanac

2016 Financing

$28 billion
in financing volume

1,500+
transactions

2016 M&A

$72 billion
in M&A volume

900+
transactions


2016 Highlights

  • 2016 global FinTech financing volume and deal count reached record highs at $28.3 billion (up 27% from 2015) and 1,540 financing transactions compared to 1,468 in 2015
  • Two of the largest quarters for financing volumes ever occurred in 2016, in part due to Chinese FinTech mega-rounds including Ant Financial’s $4.5 billion financing
  • In 2016, international FinTech financing volume ($18.4 billion) was the highest ever, nearly 2x larger than 2015’s level, which was previously a record high
  • While 65% of total financing volume was international, the total number of financing transactions was a fairly even split at 51% domestic and 49% international
  • Total global M&A volume in 2016 ($72.4 billion) and deal count (904) were lower than 2015 and 2014, but the number of deals was still significantly higher than years prior to 2014
  • The domestic / international split for M&A volume was 74% domestic and 26% international, while deal count was 62% domestic and 38% international

# of FinTech Financings

2016 FinTech Financings

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