Monthly Fintech Market Update Report

DATE: February 2024
 

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

📈In the public markets, after a strong market rally in Q4 2023, investors capitalised on gains in January and February, keeping the indices reasonably flat vs Jan-24 levels.

💰In terms of financing, 76 deals were completed this month, totalling $1.5bn raised, with a distribution slightly skewed towards early stage deals in terms of deal count. DataSnipper’s $100m capital injection (in the finance data automation space) and Eigen Labs’ $100m fundraise (in the crypto space) attracted the spotlight as the largest deals this month. In the capital markets and broader wealth tech space, this month we proudly supported United Fintech on its strategic minority investment investment from Citi and BNP Paribas.

🤝 In the M&A space, 89 deals were announced this month for a total disclosed value of $47.3bn. This month’s activity spotlight belongs to Capital One’s agreement to acquire Discover for $35.3bn and SK Growth Opportunities’ $7.3bn acquisition of Webull.

Indicative Exhibits