FT Partners FinTech September 2020
FT Partners FinTech September 2020
CEO MONTHLY
MARKET UPDATE
& ANALYSIS
Global FinTech Coverage
All Sectors ● All Geographies
©2020
CEO Monthly FinTech Market Update & Analysis
Contents
FT Partners – Focused Exclusively on FinTech
Overview of FT Partners
• Financial Technology Partners ("FT Partners") was founded in 2001 and is the only investment banking firm focused exclusively on FinTech
• FT Partners regularly publishes research highlighting the most important transactions, trends and insights impacting the global Financial
Technology landscape. Our unique insight into FinTech is a direct result of executing hundreds of transactions in the sector combined with
over 18 years of exclusive focus on Financial Technology
In-Depth Industry
Research Reports
Proprietary FinTech
Infographics
Monthly FinTech
Market Analysis
Named Silicon Valley’s #1 FinTech Banker Ranked #1 Most Influential Person in all of Numerous Awards for Transaction
(2016) and ranked #2 Overall by The FinTech in Institutional Investors “FinTech Excellence including
Information Finance 40” “Deal of the Decade”
FT Partners’ Monthly FinTech Sector Reports
Comprehensive Multi-Sector Focused Market Analysis Reports
Payments &
Digital Banking / Wealth & Capital
Transaction Alternative
Bank Tech Markets Tech
Processing Lending
● ●
● ● ●
● ● ● ●
● ●
Financial
Healthcare Financial BPO
InsurTech Management
Payments / IT / IT Services
Solutions
●
●
●
● ●
●
FT Partners – Focused Exclusively on FinTech
FT Partners Research – Quarterly FinTech Insights
•
Click pictures to view report
FT Partners – Focused Exclusively on FinTech
FT Partners Research – Quarterly InsurTech Insights
•
FT Partners – Focused Exclusively on FinTech
Exclusive FinTech Executive Interviews
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
PPRO’s $50 million Financing
FT Partners Advises PPRO on its $50 million Financing
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
Kabbage’s Sale to American Express
FT Partners Advises Kabbage on its Sale to American Express
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
•
Motionsoft’s Sale to Daxko
FT Partners Advises Motionsoft on its Sale to Daxko
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
Remitly’s $85 million Growth Financing
FT Partners Advises Remitly on its $85 million Growth Financing
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
•
Circle’s $25 million Financing
FT Partners Advises Circle on its $25 million Financing
Overview of Transaction
•
−
•
Significance of Transaction
•
FT Partners’ Role
•
•
Finicity’s $1 billion Sale to Mastercard
FT Partners Advises Finicity on its Sale to Mastercard
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
Open Lending’s Merger with Nebula Acquisition Corporation
FT Partners Advises Open Lending on its Merger
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
•
Marqeta’s $150 million Growth Financing
FT Partners Advises Marqeta on its $150 million Growth Financing
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
AvidXchange’s $388 million Growth Financing
FT Partners Advises AvidXchange’s $388 million Growth Financing
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
Assurance’s $3.5 billion Sale to Prudential Financial
FT Partners Advises Assurance on its $3.5 billion Sale
Overview of Transaction
•
Significance of Transaction
•
FT Partners’ Role
•
•
I. Public FinTech
Sector Universe
Public FinTech Sector Universe
Median Price / Earnings Multiples by FT Sector
VIEW
VIEW
Capital Raised
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
III. Monthly
FinTech Deal
Activity Insights
FT Partners’ Monthly FinTech Deal Activity Insights
FinTech Financing Statistics
$2
$1
$0
Financing Deal Count by Sector 2020 YTD Largest Financings in August 2020
Banking / Lending Tech
Company Amount ($ in mm) Sector Country
Payments / Cards / Loyalty
$230 FinTech Healthcare China
Wealth & Capital Markets Tech
Healthcare Payments / IT 200 Fin. Mgmt. Solutions USA
InsurTech
200 Cap Markets Tech USA
Fin. Management Solutions
200 WealthTech USA
Financial BPO
173 Payments South Korea
FT Partners’ Monthly FinTech Deal Activity Insights
FinTech M&A Statistics
$10
$0
M&A Deal Count by Sector 2020 YTD Selected Large M&A Deals in August 2020
Banking / Lending Tech Amount Target Target
Target Buyer
($ in mm) Sector Country
Payments / Cards / Loyalty
Banking /
$11,000 Lending Tech USA
Wealth & Capital Markets Tech
Healthcare Payments / IT 5,350 InsurTech USA
InsurTech
1,300 Payments USA
Fin. Management Solutions
FinTech
1,300 Healthcare
USA
Financial BPO
Fin. Mgmt.
1,173 Solutions
Brazil
IV. M&A
Transactions
Selected Large / Significant Recent M&A Transactions
Payments
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
Banking / Lending Technology
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
Wealth & Capital Markets Tech
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
InsurTech
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
Healthcare Payments / IT
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
Financial Management Solutions
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent M&A Transactions
Financial BPO
PAYMENTS
Date Acquirer / Target Value ($ mm) Comments
•
•
VIEW RESEARCH
•
PROFILE
•
•
VIEW RESEARCH
PROFILE
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
•
•
•
•
•
VIEW RESEARCH
PROFILE
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
•
•
•
VIEW RESEARCH
PROFILE
VIEW RESEARCH •
PROFILE
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
INSURTECH
Date Acquirer / Target Value ($ mm) Comments
•
VIEW RESEARCH
PROFILE
•
HEALTHCARE PAYMENTS / IT
Date Acquirer / Target Value ($ mm) Comments
•
VIEW RESEARCH
PROFILE •
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
•
FinTech M&A Transactions
Highlighted Transactions During the Month (cont.)
•
FinTech M&A Transactions
Monthly Transaction List
PAYMENTS
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
INSURTECH
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
HEALTHCARE PAYMENTS / IT
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
FinTech M&A Transactions
Monthly Transaction List (cont.)
PAYMENTS - FINANCINGS
Announced Amount Research
Transaction Overview Company Selected Buyers / Investors
Date ($mm) Profile
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
Banking / Lending Technology
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
Wealth & Capital Markets Tech
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
InsurTech
INSURTECH - FINANCINGS
Announced Amount Research
Transaction Overview Company Selected Buyers / Investors
Date ($mm) Profile
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
Healthcare Payments / IT
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
Financial Management Solutions
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
VIEW
Selected Large / Significant Recent Financing Transactions
Financial BPO
PAYMENTS
Date Target / Investor(s) Value ($ mm) Comments
•
VIEW RESEARCH
PROFILE
•
VIEW RESEARCH
PROFILE
VIEW RESEARCH •
PROFILE
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
PAYMENTS (cont.)
Date Target / Investor(s) Value ($ mm) Comments
VIEW RESEARCH •
PROFILE
•
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
•
•
VIEW RESEARCH
PROFILE
•
•
•
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
•
VIEW RESEARCH
PROFILE
VIEW RESEARCH •
PROFILE
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
VIEW RESEARCH •
PROFILE
•
VIEW RESEARCH
PROFILE
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
INSURTECH
Date Target / Investor(s) Value ($ mm) Comments
•
•
•
VIEW RESEARCH
PROFILE
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
INSURTECH (cont.)
Date Target / Investor(s) Value ($ mm) Comments
•
•
•
•
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
HEALTHCARE PAYMENTS / IT
Date Target / Investor(s) Value ($ mm) Comments
•
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
•
FinTech Financing Transactions
Highlighted Transactions During the Month (cont.)
VIEW RESEARCH •
POFILE
FinTech Financing Transactions
Monthly Transaction List
PAYMENTS
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
FinTech Financing Transactions
Monthly Transaction List (cont.)
PAYMENTS (cont.)
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
INSURTECH
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
FinTech Financing Transactions
Monthly Transaction List (cont.)
HEALTHCARE PAYMENTS / IT
Amount
Announced Date Transaction Overview Company Selected Buyers / Investors
($mm)
SWELL 2020
SHOPTALK MEETUP
SWITCH 2020
WEB SUMMIT
INSURBYTE 2021
FT Partners publishes FinTech financing and M&A deal statistics on a weekly and monthly basis
Weekly Monthly
FT Partners – Focused Exclusively on FinTech
FT Partners’ Recent VIP Video Conferences
The FinTech Arms Dealers: Thriving The Forge / SharesPost Merger and Creating an Unprecedented Digital
Understanding The Impact of
by Providing Digital Solutions to What it Means for the Alternatives Financial Services Giant: Before,
COVID-19 on FinTech
Financial Institutions Sector and Private Capital Markets During and After COVID-19
Geopolitical Impacts and EMEA Perspective on Venture Venture Capital in the Middle of
Imperatives of COVID-19 Capital Amidst COVID-19 COVID-19
FT Partners – Focused Exclusively on FinTech
FT Partners Research – Annual FinTech Almanac
•
Click pictures to view report
FT Partners – Focused Exclusively on FinTech
FT Partners Research – FinTech in Africa
FinTech in Africa
Leapfrogging Legacy Straight to Mobile
•
•
•
•
Click pictures to view report
FT Partners – Focused Exclusively on FinTech
FT Partners Research – Beyond the Credit Score
•
•
Click pictures to view report •
FT Partners – Focused Exclusively on FinTech
FT Partners’ Client Testimonials
FT Partners – Focused Exclusively on FinTech
FT Partners’ Client Testimonials
FT Partners – Focused Exclusively on FinTech
FT Partners’ Awards and Recognition
Bloomberg
o
o
o
FT Partners – Focused Exclusively on FinTech
The FT Partners Senior Banker Team
Mohit Agnihotri •
•
Kate Crespo •
•
•
Larry Furlong •
•
Osman Khan •
•
•
Randall Little •
•
•
Andrew McLaughlin •
•
Amar Mehta •
•
•
Mike Nelson •
•
Timm Schipporeit •
Greg Smith •
Tim Wolfe •
•
•