Monthly Fintech Market Update Report

DATE: August 2023

We present our August 2023 Fintech report, providing an overview of the latest developments in the Fintech industry.

✔ In the public markets, all Fintech sectors posted losses and the majority of them underperformed versus the major public markets indices. Notably, Payments publicly listed companies experienced a 20% decline on the back of unfavourable earnings reports.
✔ In terms of financing, c. 70 deals were completed this month, totalling $1.9bn raised, with a balanced distribution between early and late stage deals. Micro Connect’s $458m fundraise, Ramp’s $300m funding round and Resilience’s $100m Series D attracted the spotlight as the largest deals this month.

✔  In the M&A space, c. 75 deals were announced this month for a total disclosed value of $4.2bn. This month’s activity spotlight belongs to ION’s agreement to acquire Prelios from Davidson Kempner for $1.5bn. We are proud to have been able to support Twisto and Slimpay on their respective transactions, announced this month.

Indicative Exhibits