FT Partners – FinTech Insights, Q1 2024

FT Partners publishes quarterly FinTech Insights Reports sourced from their Proprietary Transaction Database. The Q1 2024 report highlights a 3x increase in total dollar volume for FinTech deal activity compared to Q1 2023, largely driven by Capital One's $35 billion acquisition of Discover. Excluding this mega-merger, volume still saw a nearly 2x increase over the previous year, with ten more $1 billion+ M&A deals announced. Private company funding volume hit a six-year low, but the number of capital raises increased with 945 new deals recorded. The Crypto & Blockchain sector reached a new record for quarterly deal count. The median size of FinTech company valuations increased, with Seed and Series A rounds seeing all-time highs. Key highlights also include the largest FinTech financings and M&A transactions in Q1 2024, average round sizes, most active investors, geographical breakdowns, and sector highlights.