BCG – State of FinTech, Q1 2025

This report analyzes the state of the global FinTech sector in the first quarter of 2025.

Key findings include stabilized revenue multiples for leading public FinTechs, a 32% year-over-year increase in equity financing despite a decline in deal volumes, and a shift in investor focus toward mature FinTechs with proven business models. The report also highlights regional funding trends, steady M&A activity, and cumulative equity funding reaching approximately $600 billion over 24 years, with Payments and Lending & Crowdfunding sectors receiving the largest shares.