Monthly Fintech Market Update Report

DATE: February 2025

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We are pleased to present our February 2025 Fintech Report, highlighting key insights into the financing and M&A landscape within the Fintech sector.

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📈 Public markets performance: Our RPP Fintech Index performed steadily versus other indices in February, with a slight decrease of 0.3% MoM. Among other selected indices, only the FTSE 100 gained with +3%, while the NASDAQ index fell the furthest at -4%. Among our Fintech verticals, ‘Insurance’ led with a 15% increase, followed by gains of +4% for ‘Banking, Lending’.

📊 Financing landscape: February saw increased Fintech funding activity for the second month in a row, highlighted by Tabby, an online BNPL software provider, raising $160 million in a Series E round led by Blue Pool Capital and Hassana Investment Company. ‘Other Fintech’, ‘Crypto and Blockchain’, and ‘Banking, Lending’ led with 66% of the deal count and 68% the deal value. Geographically, North America accounted for 47% of the deal count and 45% of the deal value. Europe contributed 25% and 26%, respectively.

🤝 M&A activity: M&A deal count and deal value decreased in February (85 transactions for $7.9 billion vs 100 for $8.3 billion in January). Deal value was led by Cotiviti’s $3.1 billion acquisition of Edifecs, a digital healthcare data interchange software provider, and the acquisition of Global Blue, an integrated payments platform catering to the luxury retail sector, for $2.5 billion by Shift4. ‘Other Fintech’ led the deal count with 27% of transactions while ‘Insurance’ and ‘Payments’ made up 39% and 36% of deal value, respectively. Geographically, North America and Europe took the lead with a combined 79% of the deal count and 96% of the value.

Indicative Exhibits