Quarterly (Q4) Fintech Market Report

DATE: December 2024
 

We are pleased to present our Q4 2024 Fintech report, providing an overview of the latest developments in the Fintech industry.​

 

📈 In public markets, the overall equity market continued its growth in Q4 2024, with the Nasdaq and S&P Information Tech indices increasing by 6% and 5% quarterly, respectively. The S&P 500 posted a more modest increase of 2%, highlighting the dominance of tech stocks. Meanwhile, the RPP Fintech Index outperformed major indices with a 10% surge in Q4 2024, driven by a 19% QoQ increase in the ‘Banking & Lending’ vertical.​

 

💰 In the financing space, Q4 2024 experienced a slight slowdown in deal activity, with the total deal count dropping from 240 in Q3 2024 to 222, and the total capital deployed decreasing by 8% QoQ to $7.6 billion. The ‘Banking & Lending’ and ‘Payments’ verticals remained the largest funding recipients, attracting over 55% of the total financing volume.

Notable deals this quarter include Splitero’s $300 million raise in October and Ualá’s $300 million raise in November. Geographically, North America and APAC accounted for approximately 70% of the total deal value.

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🤝 In the M&A space, 195 deals were announced this quarter, with North America and Europe contributing 94% of the total disclosed value. This quarter's highlights include Zuora’s and NeueHealth’s take-private operations, for $1.7 billion and $1.3 billion respectively.

The ‘Crypto and Blockchain’ vertical drove 23% of the M&A deal volume, while ‘Other Fintech’ represented approximately 28% of the total value.

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