Unbundling European Finance 2017 (Extract)

June 2017, Frankfurt am Main

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Disclaimer

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*Source:TechFluencees9matesbasedondiscloseddealsonly–noliabilityforerrors.

Europe FinTech Funding Map 2016* ($1.2B+)

TheUKandGermanydominatedtheEuropeanFinTechscenein2016,accoun9ngfornearlythree-fourthsoftotal(disclosed)fundingvolume.

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Refertothesec+onCountry-levelDealMapsforindividualdeals.

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*Source:TechFluencees9matesasof31stMay2017,basedondiscloseddealsonly–noliabilityforerrors.

Europe FinTech Funding Map 2017* ($1.2B+)

TheUKandGermanyaccountedforoverhalfofthetotaldisclosedfundinguptoend-May2017,withSweden,theNetherlands,Franceetc.buildingup.

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Refertothesec+onCountry-levelDealMapsforindividualdeals.

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Q1-2017 funding bucks the trend

EuropeanFinTechfundingmadeacomebackinQ1-2017,buoyedby$50M+dealslike:-  AtomBank(UK)-  FundingCircle(DE)-  iZe]le(SE)-  IDFinance(ES)etc.

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Top 10 Funding Rounds & Investors: 2016*

*Source:TechFluencees9matesbasedondiscloseddealsonly–noliabilityforerrors.

$70M Banking HaraldMcPike

$60M Lending PrimeVentures,ActonCapital,CommerzVenturesetc.

$60M Payment ChinaEverbright,CreditEase,GeneralCatalystetc.

$40M Banking HorizonsVentures,Ba]eryVentures,R�obertGentzetc.

$38M Lending HarbourVest,ActonCapitalPartners,HighlandEurope

$37M Investment Convoy(HongKong)

$35M Lending FinstarFinancialGroup,HoltzbrinckVentures

$34M Lending 4Finance,NIBCBank

$34M Lending VerdaneCapital,RunaCapital,MoJoCapital,Earlybird

$33M Payment Adveq,HPEGrowthCapital

$32M Payment DebtFunding

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YTD31.5.2017.Source:TechFluencees9matesbasedondiscloseddealsonly–noliabilityforerrors.

Top 10 Funding Rounds & Investors: 2017*

$120M Lending PayU

$101M Banking BBVA,Toscafund,NeilWoodford

$100M Lending Woodford

$63M Payment VictoryParkCapital

$59M Lending BNIEuropa

$50M Lending TransKapitalBank,VadimDymov

$32M Investment ThriveCapital

$30M Bitcoin CreditChinaFinTech

$30M Other DutchDevelopmentBank-FMO

$28M Banking SBIGroup,ArvatoFS,Unicredit,Finleap,Hegusetc.

$24M Payment GV,No9onCapital,SapphireVentures,Rakutenetc.

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Complementary offerings driving M&A

Expandingexis9ngofferingsviacomplementaryacquisi9onsisdrivingmostFinTechM&Aac9vity,followedbymarketexpansionandaddingnext-genera9onsaleschannels.

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Refertothesec+onNotableM&ATransac8onsforsnapshotsofindividualdeals.8

Top 10 Investors*: 2016 + 2017 YTD

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PassionCapital Speedinvest

DvHVentures

EarlybirdVC GlobalFoundersCapitalHoltzbrinkVentures

AnthemisGroup Redalpine Ribbit Capital Credit Mutel Arkea

*basedonnumberoffundingrounds

Refertothesec+on#UEFRapidfirewithFinTechVCsforleadingVC’stakeawaysfromthelast3yearsinEuropeanFinTech,aswellaswhattoexpectinthenext6-18months.

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Complete Table of Contents

•  European FinTech in 2016 + 2017 YTD* -  European FinTech Funding Map -  Funding and M&A Trend -  Top 10 Funding Rounds -  Top 10 Most Ac^ve Investors

•  Notable M&A Deals

•  #UEF FinTech VC / M&A Rapidfire

•  Country-Level Deal Maps

•  Appendix: Company Profiles

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* YTD as of 31.05.17.

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Country-Level Deal Maps

Germany 2016: $420M+

$21.84M $9.05M$34M

$37.5M$0.55M

Lending

Payment

$7.88M$10M$4.5M $32.7M

$0.89M

Acquired

$7.42M

$50.1M

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$13.3M $32.2M $4.78M

Investment

$15.9M

$2.18M

DigitalBanking

$28.28M 13

Insurance

Germany 2017*: $260M+

* 2017 up to 31.5.2107.

Notable M&A Transac^ons

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Selected Deals: 2016

Feb.2016:Number26andTransferWiseteamuptore-inventbanking

Feb.2016:AXAStrategicVenturesinvestsinMedlanes-ini9aldiagnosisfromaphotoandsymptomdescrip9on.

Apr.2016:European‘Squareclones’consolidate:1millioncustomersin15countries.SumUp+payleven=nearly€100MnVCInvestment!

Jul.2016:TelefonicaGermanylaunchesO2Banking,“firstmobile-onlybankaccountbyamobileprovider”withFidor.Jul.2016:France’sBPCEtobuyfintechFidorBank,to“accelera9onofthedigitaltransforma9onofourgroup”

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Selected Deals: 2017 YTD

Feb.2017:KlarnaacquiredGermany’sBillPayfor£60M

Mar.2017:DutchonlinebankBinckBankacquires“roboadvisor”PritleFor$13.5mApr.2017:Fla]r,anextensionforonlinemicropayments,hasbeenacquiredbyeyeo/AdBlockPlus

Mar.2017:TravelerstoacquireUK-basedInsurTechSimplyBusinessforca.$490million.

Jan.2017:DaimlerFinancialServicesacquiredPayCashtosetupMercedesPay

Jan.2017:UKtradeprocessingandaccoun9ngfirmBabelSystemsacquiredbyUS-basedInvestCloudfor$20million

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#UEF FinTech VC / M&A Rapidfire CheckoutmoreRapidfiresath]p://www.techfluence.eu/uef

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1.   Tellusabitaboutyourselfandyourfocusarea(s)withinFinTech?PartneratBaldertonCapital,theleadingearlystageVCfocussedonEuropeanstartups.Wearehighlyac9veinfintechandthisismyfocusarea.SpecificallyIlookalotatinsuranceandretailfinancialservices,butalsoincreasinglyatfinancialsoyware.2.Whatareyourkeytakeawaysfromthelast3yearsintheEuropeanFinTechspace?Awellbuiltproductandadistribu9onhack(whetherb2corb2b)iswhatgetsyoutoa200mcompany.Genuinecompe99veadvantage(usuallythroughproprietarydata,partnershipsorrealhardtech)getsyouto1bplus3.Whattrendsoropportuni+esshouldwewatchoutforinthenext6-18months?InsuranceinsuranceinsuranceAnddistributedledger/distributedautoma9on

#UEF Rapidfire with Rob Moffat, Balderton Capital rmoffat@balderton.com

FinTech Forum on a Page 15 events | 250+ Startups | ~$230M+ raised | $225M+ in exits

2013 2014 2015 2016

FTF1FRA

FTF2FRA

FTF3FRA

FTF5VIE

FTF4FRA

FTF6FRA

FTF7FRA

FTFBNPPKleinheubach

FTFROBOBER

FTFTRAVELNeu-Isenburg

FTF8FRA

FTFINVESTTECHLCY

FinTechForumOnTour>>(tailoredevents)

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FTFTELECOMFRA

FTFINVESTTECH2London

2017

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2013 2014 2015 2016

FTF2:$0.9M

FTF2:$2.8M

FTF2:$3.34M

FTF1:$15M

FTF1:$6.7M

$3.9M+

FTF3:$0.55M

FTF3:$0.55MFTF1:Acquiredby

Minkabu

FTF2:AcquiredbyBPCE

FTF6:$1.06M

FTF6:$45+M

FTF7$0.3M

FTF5:$1.13M FTFInvestTech:$1.5M

FTF6:$0.5M

FTFTravel:$7.88M

FTF5&6:$0.03M FTFTravel$5.79M

FTF4:$2.39M

FTFRobo$5.7M

FTF Alumni Funding + Exits by Vintage Year

FTF2:AcquiredbyWonga,Klarna

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SamarthShekharCo-Founder@FinTechForum_DEEmail:s.shekhar@techfluence.euh]p://www.fintechforum.de/Tel:+4969274015856

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