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Fintech Report

Q1 2022

Fintech Report

May 5, 2022

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Median VC valuations for fintech hit new highs in Q1

VCs invested $29.3 billion in fintech in Q1, representing a 7.3% decrease in deal value from the previous quarter. Yet a string of sizable deals for payments companies including Bolt, Checkout.com and Brex helped push the median pre-money valuation for late-stage fintech companies to $257.5 million during the quarter—a 44.5% increase from 2021’s full-year figure.

On the exit front, as IPO activity grinds to a halt in the current economic environment, many fintech startups are expected to become acquisition targets of incumbents and other well-established fintech companies.

Our Q1 Emerging Tech Research report on fintech breaks down a strong quarter for the sector and highlights emerging opportunities in corporate crypto finance, carbon credit tokenization and payment facilitation. The report also includes a comprehensive market map of key players across each fintech subsegment and takes a closer look at companies such as Bitwave, Celo and OpenNode.

Table of contents
Vertical overview 3
Q1 2022 timeline 4
Fintech landscape 5
Fintech VC ecosystem market map 6
VC activity 8
Emerging opportunities 17
Corporate crypto finance 18
Carbon credit tokenization 20
Payfac enablement 22
Select company highlights 25
Bitwave 26
Celo 27
OpenNode 29