Quarterly (Q3) Fintech Market Report

DATE: September 2024
 

We are pleased to present our Q3 2024 Fintech report, providing an overview of the latest developments in the Fintech industry.

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In public markets, the overall equity market continued its growth in Q3 2024, with the FTSE100 and S&P 500 increasing by 7% and 6% for QoQ growth, respectively. Similarly, the RPP Fintech Index experienced a strong 12% increase since the end of Q2 2024

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In the financing space, the third quarter of 2024 remained relatively stable momentum in terms of deal activity but the deal value experienced a significant drop of 22%. The deal count slightly decreased from 257 in Q2 2024 to 240, while the total capital deployed dropped significantly to $8.1 billion, compared to $10.5 billion in Q2 2024. Notable deals this quarter include DMI Finance's $330 million raise in August, as well as Zing Health's $140 million raise, M2P Fintech's $102 million raise, and ParaFi Capital's $120 million round, all in September

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In the M&A space, 188 deals were announced this quarter, with a total disclosed value of $28.6 billion. This quarter's activity spotlight includes Transact Campus $1.5 billion acquisition by Roper Technologies, NCR Voyix $2.45 billion sale of its digital banking business to Veritas Capital, R1 RCM's $8.9 billion acquisition by TowerBrook and Clayton Dubilier Rice, as well as Envestnet’ $4.5bn buyout led by Bain Capital

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