VC-Backed Fintech Hits Record As Fight Over Payments Grows

Rupert Hargreaves

Published onOctober 18, 2017

Updated on May 14, 2021

If the current trend holds, 2017 is set to be a record year for VC-backed fintech companies. During the third quarter of 2017, VC-backed fintech companies raised $4 billion across 278 deals globally, 25% below Q2’s record figures but still on track to make a record year for deals according to data from CB Insights.

There are now 25 fintech unicorns globally after an intense year of capital raising for the sector. One new unicorn was created during Q3 (Coinbase at $1.6 billion), and one went public (Zhong An Insurance). One former unicorn fell out of the club; Prosper, which was subject to a down round. Before this round, the business was valued at $1.8...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

VC-Backed Fintech Hits Record As Fight Over Payments Grows

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