The third quarter of 2019 set the quarter record for fintech deals (if you take out Ant Financial’s $14bn round last year) driven by 19 $100M+ rounds. Early-stage (seed/angel and Series A) deals fell to an 11-quarter low and funding hit a 7-quarter low. The US saw deals dip to an 11-quarter low while Asia saw deals spike and nearly surpass the US in Q3’19
There are 58 VC backed FinTech unicorns valued at a combines $312.5bn. Q3’19 saw 6 new fintech unicorn births (Hippo, Judo, Deposit Solutions, QuintoAndar, Dave, and C2FO), and 3 more have occurred in Q4’19 as of 11/11/19 (Next Insurance, Ebanx, and Riskified).