top of page

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

image (20).png
image (22).png
image (24).png
image (21).png
image (23).png
image (25).png
bottom of page