DAILY VITAMIN STRATEGIC REPORTS STARTUP SCANNER STUDIO

FinTech Funding – April 2021: InsurTech, B2B FinTech, and Neobanks/Digital Banks Topped the Charts

In April 2021, FinTech startups worldwide raised VC/PE investments worth $7.99 billion across 295 deals. From March 2021 to April 2021, VC funding raised by FinTechs registered a 20.4% MoM decline ($10.04 billion raised in March 2021). Likewise, the number of deals registered a 5.4% MoM decline (312 deals in March 2021).

All Things FinTech – Weekly Summary By Nik Milanović

Wealthsimple, a Canadian robo-advisor, raised C$750 million ($610 million) at a C$5 billion ($4 billion) valuation. (The rumor is that $500 million of the fundraise was a secondary sale by owner Power Affiliates, which will be diluted to 43% ownership and 60% voting rights, with an 8.3x return or 79% CAGR.)

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