Monthly Fintech Market Update Report

DATE: November 2024

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We are pleased to present our November 2024 Fintech Report, highlighting key insights into the financing and M&A landscape within the Fintech sector.

📈 Public markets performance: Our RPP Fintech Index outperformed major indices in November, rising +19.9% MoM. In contrast, the S&P IT index fell by 0.5%, while the Nasdaq gained +3.6%. Among our Fintech verticals, ‘Insurance’ led with a 43.0% increase, followed by gains of +3.3% in ‘Capital Markets, Wealth Management’ and +36.6% in ‘Banking, Lending’.

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📊 Financing landscape: November saw moderate Fintech funding activity, highlighted by Ualá, an Argentina-based neobank, raising $300M in a Series E round led by Allianz X. ‘Capital Markets, Wealth Management’, ‘Crypto and Blockchain’, and ‘Banking, Lending’ made up 61% of the deal count, with ‘Banking, Lending’ and ‘Crypto and Blockchain’ leading in deal value, contributing 56% of the total raised. Geographically, North America and Europe each accounted for c.35% of both the deal count and deal value.

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🤝 M&A activity: While the M&A deal value saw a decline in November ($2.0bn vs $3.6bn in October), some notable transactions happened. This included AdvancedMD’s $1.1B acquisition by Francisco Partners, Aquis Exchange’s $292M acquisition by SIX, and Aixigo’s $161M acquisition by Amundi. ‘Capital Markets, Wealth Management’, ‘Crypto and Blockchain’, and ‘Other Fintech’ led the deal count with 21-23% each. Geographically, Europe accounted for 45% of the deal count and 26% of the value, while North America contributed 30% to the deal count and 74% of the value.

Indicative Exhibits