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 [email protected]
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:[email protected]]p://www.fintechforum.de/Tel:+4969274015856
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