Similar Stories to Fintech Startups Raised $34b In 2019 on Bing News

Manish Singh, TechCrunch
Sat, 02/22/2020 - 11:23am

Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed. According to research firm CB Insights’ annual report published this week, fintech startups across the world raised $33.9 billion* in total last year across 1,912 deals*, down from $40.8 billion they picked up by participating in 2,049 deals the year before. It’s a comprehensive report, which we recommend you read in full here (your email is required to access it), but below are some of the key takeaways. Early stage startups struggled to attract money: Per the report, financing for startups looking to close Seed or Series A dropped to a five-year low in 2019.

Topics: it s seed series a series b early-stage emerging south america africa australia q3 emergence next insurance bight health flywire high radius ripple figure insurtech lemonade hippo wefox bright health startups vcs in u.s india open niyo funding germany-based financial southeast asia sea cb insights paytm vc cb insights early cb insights asia southeast asia asia europe q4 next year billion deals million report rounds money services markets annual compared record market building financing research revealed firms firm solutions businesses unicorns globally dropped small five-year

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