Monthly Fintech Market Update Report

DATE: March 2025

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We are pleased to present our Q1 2025 Fintech Report, highlighting key insights into the financing and M&A landscape within the Fintech sector.

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📈 Public markets performance: Our RPP Fintech Index experienced a middle-of-the-pack performance versus other indices in Q1 2025, with a decrease of 8% QoQ. Among other selected indices, only the FTSE 100 gained, with +8%, while the S&P Information Tech index performed the worst at -13%. Among our Fintech verticals, ‘Insurance’ and ‘Capital Markets, Wealth Management’ outperformed with a 35% and 12% increase, respectively.

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📊 Financing landscape: The first quarter of 2025 saw increased Fintech funding activity compared to Q4 2024 with the deal count rising by 6 to 228 and deal value increasing by 36% to $10.3bn. This was largely driven by the ‘Crypto & Blockchain’ vertical, contributing 33% of the deal value, which itself was led by Binance’s $2bn raise from MGX in March. Geographically, North America, LatAm, and Europe accounted for c.80% of the deal value. 

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🤝 M&A activity: M&A deal count and deal value increased significantly in Q1 2025, with a 36% uptick in deal count to 266 from 195, and a large jump in deal value to $43.4bn, a 224% increase from the last quarter. This comes after two high profile take-private transactions in March: Mr. Cooper’s $9.4bn acquisition by Rocket, and Dun & Bradstreet’s $7.7bn buyout by Clearlake Capital. ‘Other Fintech’ led the deal count with 36% of transactions while ‘Capital Markets, Wealth Management’ made up 38% of deal value. Geographically, North America and Europe dominated with a combined 98% of the value.

Indicative Exhibits