Deals and funding to VC-backed fin tech companies declined in Q2’16 with $2.5B raised across 195 deals, according to The Pulse of Fintech report published by KPMG and CB Insights. And part of the reason for the investment decline was a sharp pullback in fintech mega-rounds ($50M+).
We looked at fintech mega-round activity in North America, Asia, and Europe and compared deal activity across the last 5 quarters. Additionally, we included a list of the 30 largest fintech rounds of Q2’16.
Fintech Megaround Deal Activity
According to the data, $50M rounds to VC-backed fintech companies in North America, Asia, and Europe fell to a 5 quarter low in Q2’16.
Mega-rounds to VC-backed fintech companies in North America fell from nine in Q1’16 to five in Q2’16. Meanwhile, Asia saw $50M+ fintech rounds stay level for the third straight quarter, while Europe has not registered a $50M+ round to a VC-backed fintech company through the first half of 2016.
The Thirty Largest Fintech Deals In 2016 YTD
Below is a list of the 30 largest deals to VC-backed fintech companies in the first half of 2016. The list includes lending platforms, insurance tech, and mortgage tech, among others.
The two largest deals in fintech went to Asia-based deals Lu.com and JD Finance which each raised $1B+ rounds. Two out of the 5 largest deals went to health insurance carriers Oscar Health Insurance and Clover Health. It’s worth noting that, Ant Financial, the financial services affiliated of Alibaba, raised $4.5B in a private placement not highlighted below in April 2016.
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