Financial Technology (fintech) startup quarterly highlights. Includes a sector summary, recent events, and a deep dive into consumer lending startups. Contact info@venturescanner.com or visit www.venturescanner.com to learn more about our research platform for technology startups!

1. January 2018
Q4 Startup Highlights
FINANCIAL TECHNOLOGY

2. Quarterly financial technology highlights
2
This brief overview of the financial technology sector provides three sections
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SectorSummary
Macro-level viewson the
state of the financial
technology sector
LatestActivity
Major funding and exit
events from the previous
quarter
CategoryDiscovery
Deep dive into a single
financial technology
category

3. Sector Summary
3

4. 4
FINANCIAL TECHNOLOGY
16 Categories
2,285 Companies
$80B Funding
Sector stats are continuously changing,data cumulativeas of December2017

5. 5
FINANCIAL
TECHNOLOGY
The Venture Scanner researchplatform
currently tracks 2,285 financial tech
startups with $80Bin funding
The graphic above shows a random sampling of companiesin each category, data cumulativeas of December2017
Lending
(483Companies)
RetailInvesting
(166Companies)
Security
(113Companies)
PersonalFinance
(238Companies)
Payments
(492Companies)
EquityFinancing
(140Companies)
InternationalTransfer
(76Companies)
InstitutionalInvesting
(181Companies)
Research& Data
(83Companies)
Infrastructure
(150Companies)
BusinessTools
(233Companies)
Crowdfunding
(79Companies)
DigitalBanking
(75 Companies)

6. Consumer Lending
Business Lending
Payments Backend
Transaction Security
PoS Payments
Digital Banking
Consumer Payments
International Transfer
Infrastructure
SMB Tools
Retail Investing
Personal Finance
Financial Research
Institutional Investing
6
Innovation quadrant for financial technology
AverageFunding
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
AverageAge
This quadrant shows a relative segmentationof the categories with respect to oneanother, data cumulativeas of December2017
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Crowdfunding
Equity Financing

7. 7
VC funding into fintech continues to grow steadily over the last few years
Overall financial technology funding grew at a CAGR of 57% from 2012-2017,
and 2017 was 102% of 2016 funding
Financial Technology Annual Funding Over Time
Data cumulativeas of December2017
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5
10
15
20
25
2011 2012 2013 2014 2015 2016 2017
Funding($B)
Q1 Q2 Q3 Q4

8. 8
The most recent quarter was much higher than previous Q4 funding totals
The funding in Q4 2017 was 165% of the Q4 2016 funding total
Financial Technology Quarterly Funding Over Time
Data cumulativeas of December2017
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0
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3
4
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2011 2012 2013 2014 2015 2016 2017
Funding($B)
Q1 Q2 Q3 Q4

9. 9
Exits within the space are on a general upward trend
Quarterly financial technology exits in 2017 are higher than 2016, with
Q4 2017 seeing an increase of 6% over Q4 2016
Financial Technology Exit Events Over Time
Data cumulativeas of December2017
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0
5
10
15
20
25
30
2011 2012 2013 2014 2015 2016 2017
ExitEvents
Q1 Q2 Q3 Q4

10. Latest Activity
10

11. 11
Financial technology funding events were mostly early stage in Q4 2017
There were 157 funding events this quarter, 33% of which were Series A
Recent Financial Technology Funding Round Counts
Graphs shows only the funding rounds listed therein
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0
5
10
15
20
25
30
35
40
45
Seed A B C D Late Stage
FundingEvents
Funding Event

12. 12
All fintech categories saw funding this quarter
Financial technology startups raised $4.5 billion over the last quarter
Quarterly Financial Technology Category Funding
Companiesare categorized by function, and therefore can exist in multiple categories.
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0.0
0.2
0.4
0.6
0.8
1.0
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QuarterlyFunding($B)

13. 13
Recent financial technology funding events
Notable Recent Financial Technology Funding Events
Company FundingType Amount Date
Debt Financing $400,000,000 Nov 26, 2017
Series E $280,000,000 Nov 2, 2017
Series B $220,000,000 Nov 8, 2017
Series B $214,000,000 Oct 12, 2017
Series E $200,000,000 Dec 11, 2017
The top 5 fintech events accounted for 29% of quarterly funding
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14. 14
Recent financial technology exit events
Notable Recent Financial Technology Exit Events
Company Acquirer Amount Date
$400,000,000 Oct 17, 2017
$155,000,000 Oct 4, 2017
$62,000,000 Nov 20, 2017
$1,000,000 Dec 21, 2017
Unknown Dec 14, 2017
There were 18 financial technology exits this past quarter,
13 of which were acquisitions
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15. Category Discovery – Consumer Lending
Every quarter a newcategory will receivea deep dive,providing comparisonsto
other categories and discussingtrends
15

16. 16
Consumer lending is one of the leading categories within the fintech sector
The consumer lending category accounts for 23% of funding in the sector and saw
healthy growth last quarter
Venture Investing in Financial Technology
Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017
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0%
5%
10%
15%
20%
25%
30%
35%
0
5
10
15
20
25
30
GrowthfromPreviousQuarter
Funding($B)
Previous Total Quarterly Funding Percent Growth

17. 17
Companies within consumer lending are generally better funded than their peers
Consumer lending has a median funding $10M higher than the average of
other categories, and a third quartile that is $26M higher
Financial Technology Category Funding Quartiles
Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017
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0
20
40
60
80
100
120
FundingQuartiles($M)
First Quartile Median Third Quartile

18. 18
Annual consumer lending funding amounts are holding steady
Overall consumer lending funding grew at a CAGR of 80% from 2012-2017
ConsumerLending Annual Funding
Data cumulativeas of December2017
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1.0
2.0
3.0
4.0
5.0
6.0
2011 2012 2013 2014 2015 2016 2017
Funding($B)
Q1 Q2 Q3 Q4

19. 19
Consumer lending funding amounts have shifted to Series B
ConsumerLending Funding Amount By Round
While recent quarters have been lower than previous highs, Series B financings
accounted for 44% of total VC funding in the past quarter
Graphs shows only the funding rounds listed therein. Data cumulativeas of December2017
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0.5
1.0
1.5
2.0
2.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017
Funding($B)
Seed A B C D Late Stage

20. 20
Funding within consumer lending is moderately concentrated
ConsumerLending Companies with Largest Funding Amounts
Company LatestRound Amount Location
Series F $2,200,000,000 San Francisco, USA
Series E $1,800,000,000 Chicago, IL, USA
Series B $1,700,000,000 China
Venture $1,100,000,000 China
Private Equity $1,000,000,000 China
The top 5 consumer lending companies by total funding account for 32% of overall
category funding
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