Fintech startups raised $34 billion in 2019.

Less money than the previous year.

Fintech startups raised $34 billion in 2019. | BEAMSTART News

Financial services (fintech) startups raised a total of $33.9 billion in 2019, down from $40.8 billion in 2018, according to a report by TechCrunch.

The report also mentioned that VC firms were focused more on backing later stage companies as well as companies in developing markets as compared to the previous year.

The fintech market globally had 67 unicorns as of earlier this month.

Early stage startups struggled to raise money, with Seed and Series A funding dropping to a five-year low in 2019. 

Funding for startups at Series B and beyond were at a record five-year high.

Financial startups in Southeast Asia (SEA) raised $993 million in 2019, the highest in the region so far.

BEAMSTART is a global business community with the aim of connecting people to opportunities. Expand your network, discover new possibilities, and explore a vast database of resources that can help you go further in your business and career.


Download the App

Never miss an opportunity again. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved (Legal).