Q2

FT 2022 FINTECH
Partners INSIGHTS
Research | July 2022

Q2 2022 QUARTERLY
FINTECH INSIGHTS
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Overview of FT Partners

47,500+ FinTech Companies

18,000+ PE / VC Firms • Data Insights

• FinTech Deal Statistics
23,000+ Financings • Investment Trends
• Industry Research
15,500+ M&A Deals
• Public Comparables
Q2 2022 FINTECH INSIGHTS
FT Partners’ Data

‒
Q2 2022 FINTECH INSIGHTS
Table of Contents
FT Partners Research

1. Executive Summary

FT PARTNERS RESEARCH 5
Q2 2022 FINTECH INSIGHTS
Executive Summary

Overall Deal Activity

•

•
Q2 2022 FINTECH INSIGHTS
Executive Summary – M&A

M&A Activity
•

•
Q2 2022 FINTECH INSIGHTS
FT Partners’ Deal Execution Across Market Conditions
Q2 2022 FINTECH INSIGHTS
FT Partners Research

2. Q2 2022 Highlights
 Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights

Global FinTech Deal Activity Volume

$20 0.0

$15 0.0

$10 0.0

$50 .0

$0. 0
 Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights (cont.)

Global FinTech Deal Activity – Private Financing & IPO Volume

$60 .0

$50 .0

$40 .0

$30 .0

$20 .0

$10 .0

$0. 0
Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights (cont.)

Global FinTech Private Financing Volume by Quarter

$45 .0

$40 .0

$35 .0

$30 .0

$25 .0

$20 .0

$15 .0

$10 .0

$5. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights (cont.)

Global FinTech Financing Volume by Month

18. 0

16. 0

14. 0

12. 0

10. 0

8.0

6.0

4.0

2.0

0.0
Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights (cont.)

Global FinTech Financing Volume by Month Excluding Crypto & Blockchain

18. 0

16. 0

14. 0

12. 0

10. 0

8.0

6.0

4.0

2.0

0.0
 Q2 2022 FINTECH INSIGHTS
Q2 2022 Highlights (cont.)

US FinTech Financing Volume Excluding Crypto & Blockchain

$25 .0

$20 .0

$15 .0

$10 .0

$5. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
FT Partners Research

3. FINTECH FINANCING
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics

Global FinTech Financing Volume by Year

$14 0.0

$12 0.0

$10 0.0

$80 .0

$60 .0

$40 .0

$20 .0

$0. 0
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Global Number of Financing Transactions

Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Global FinTech Financing Volume by Quarter: Q2‘19 – Q2‘22

$40 .0

≥
$35 .0

$30 .0

$25 .0

$20 .0

$15 .0

$10 .0

$5. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Global Number of FinTech Financings by Quarter

Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Global FinTech Financing: North America vs. International

VOLUME

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 H1 2022

DEAL COUNT
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Number of Global Financings by Size

H1 2021 H1 2022
 Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Private FinTech Financings of $50 million+ by Week

# of $50 mm+ Financings Moving Average Trendline (every 8 weeks)

30

25

20

Start of Covid-19
Lockdowns: week of
15 March 16, 2020

10

0
Q1 ’19 Q2 ’19 Q3 ’19 Q4 ’19 Q1 ‘20 Q2 ’20 Q3 ’20 Q4 ’20 Q1 ’21 Q2 ’21 Q3 ’21 Q4 ’21 Q1 ’22 Q2 ’22

Average # of
$50 mm+
Financings
4 4 5 4 4 4 4 5 10 14 14 15 15 11
Per Week:
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Number of $100 million+ FinTech Financing Rounds

Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Average Financing Round Size ($ in mm)

All Stages Seed Series A

Series B Series C Series D

Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Median Financing Round Size ($ in mm)

All Stages Seed Series A

Series B Series C Series D

Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – North America
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – North America (cont.)
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – Europe
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – Europe (cont.)
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – International excl. Europe
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech Financing Transactions in Q2 2022 – International excl. Europe (cont.)
Q2 2022 FINTECH INSIGHTS
FinTech Unicorns: Q2 2022

New FinTech Unicorns Announced in Q2 2022: Valuations ($ in mm)

Q2 2022 FINTECH INSIGHTS
FinTech Unicorns: Q2 2022 (cont.)

Other Significant Valuation Increases in Q2 2022

Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors

Venture Capital: New Investments in H1 2022

54 Bazaar Pakistan

HYPERSPACE BULLIEVERSE
39

32

32

30

28

22

19

19

17
Ranked by number of new investments in H1 2022
Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

Strategic & Corporate Venture Capital: New Investments in H1 2022

67

59

42

33

31

28

27

12

12
Ranked by number of new investments in H1 2022
Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

Total Investments (including follow-ons) in H1 2022

Venture Capital Strategic & Corporate Venture Capital

77 54 23 73 67 6

59 32 27 70 59 11

52 32 20
44 42 2
47 30 17
33 33 0
39 39 0
32 31 1
37 28 9
29 28 1
33 17 16
28 27 1
33 11 22
19 12 7
31 22 9

27 13 14 14 10 4

25 19 6 14 8 6

Ranked by total number of investments in H1 2022 (including follow-ons)

Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

FinTech Investments Made Over the Years

Total Round Size

($ in mm)

$1,200 36 41 46 100 59
$1,000

$800

$600

$400

$200

$0
2018 2019 2020 2021 H1 2022

Total Round Size

($ in mm)

$1,200 14 24 26 112 77
$1,000

$800

$600

$400

$200

$0
2018 2019 2020 2021 H1 2022
Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

FinTech Investments Made Over the Years

Total Round Size

($ in mm)

23 23 14 79 47
$1,200

$1,000

$800

$600

$400

$200

$0
2018 2019 2020 2021 H1 2022
Total Round Size
($ in mm)

3 19 28 72 52
$400

$200

$0
2018 2019 2020 2021 H1 2022
Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

FinTech Investments Made Over the Years

Total Round Size

($ in mm)
$1,200
18 26 24 63 33
$1,000

$800

$600

$400

$200

$0

2018 2019 2020 2021 H1 2022

Total Round Size
($ in mm)
$1,200

$1,000
10 21 15 68 37

$800

$600

$400

$200

$0
2018 2019 2020 2021 H1 2022
Q2 2022 FINTECH INSIGHTS
Most Active FinTech Investors (cont.)

FinTech Investments Made Over the Years

Total Round Size

($ in mm)

15 18 22 48 27
$400

$200

$0

2018 2019 2020 2021 H1 2022

Total Round Size

($ in mm)

$400
17 15 38 69 33

$200

$0
2018 2019 2020 2021 H1 2022
Q2 2022 FINTECH INSIGHTS
H1 2022 FinTech Financing Activity By Region

NORTH AMERICA 1,018 48% $32,488 50%

EUROPE 513 24% $17,545 27%

ASIA 381 18% $10,292 16%

AFRICA 79 4% $1,210 2%

MIDDLE EAST 56 3% $964 1%

SOUTH AMERICA 52 2% $2,165 3%

OCEANIA 38 1% $752 1%
Q2 2022 FINTECH INSIGHTS
FinTech Financing Activity By Region – Dollar Volume

$90 .0 $40 .0 $40 .0

$40 .0

$80 .0

$35 .0 $35 .0
$35 .0

$70 .0

$30 .0
$30 .0 $30 .0

$60 .0

$25 .0 $25 .0
$25 .0

$50 .0

$20 .0
$20 .0 $20 .0

$40 .0

$15 .0 $15 .0
$15 .0

$30 .0

$10 .0
$10 .0 $10 .0

$20 .0

$5. 0 $5. 0
$5. 0

$10 .0

$0. 0 $0. 0 $0. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
FinTech Financing Activity By Region – Number of Financings

1,8 00 1,00 0 1,0 00 1,0 00

900 900 900

1,6 00

800 800 800

1,4 00

700 700 700

1,2 00

600 600 600

1,0 00

500 500 500

800

400 400 400

600

300 300 300

400

200 200 200

200

100 100 100

0 - 0 0
Q2 2022 FINTECH INSIGHTS
Most Active Countries By Number of Financings in H1 2022
Q2 2022 FINTECH INSIGHTS
Sector Breakdowns: Financing

H1 2022 Global FinTech Financing Activity by Sector

Key Number of Financing Transactions Financing Volume ($ in billions)

$20 .0

$15 .0

$10 .0

$5. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
FT Partners Research

4. FINTECH M&A
 Q2 2022 FINTECH INSIGHTS
FinTech M&A Statistics

Global FinTech M&A Volume

II

$35 0.0

$30 0.0

$25 0.0

$20 0.0

$15 0.0

$10 0.0

$50 .0

$0. 0
Q2 2022 FINTECH INSIGHTS
FinTech M&A Statistics (cont.)

Number of FinTech M&A Deals Valued at $1 billion+

Q2 2022 FINTECH INSIGHTS
FinTech M&A Statistics (cont.)

Global FinTech M&A Deal Count

1,40 0

1,20 0

1,00 0

800

600

400

200

-
Q2 2022 FINTECH INSIGHTS
FinTech Financing Statistics (cont.)

Global FinTech M&A: North America vs. International

VOLUME

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 H1 2022

DEAL COUNT
Q2 2022 FINTECH INSIGHTS
FinTech M&A Statistics (cont.)

Number of Global M&A Deals by Size

H1 2021 H1 2022

$1+ bn

$500 mm - <1 bn

$100 - <500 mm

$0 - <100 mm
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech M&A Deals – North America

Claims Editing
Business

Leveraged
Commentary & Data
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech M&A Deals – Europe

Merchant Acquiring /
POS Mgmt. Businesses

Credit Information &

Mgmt. Division

Capital Markets Business

UK & International
Operations
Q2 2022 FINTECH INSIGHTS
Selected Large FinTech M&A Deals – International excl. Europe

CLAL Insurance

Accountant Practice
Management Group
Q2 2022 FINTECH INSIGHTS
FinTech SPAC Transaction Activity

FinTech SPAC Merger Volume and Deal Count

$14 0,000 .0 35

$12 0,000 .0 30

$10 0,000 .0 25

$80 ,000.0 20

$60 ,000.0 15

$40 ,000.0 10

$20 ,000.0 5

$0. 0 -
Q2 2022 FINTECH INSIGHTS
Global FinTech SPAC Mergers

Goldenstone Acquisition

SunCar

Corp. II

Fortune Rise Acquisition

Corporation

Venture Acquisition
Corp. II

Thunder Bridge
Capital Partners IV

Arisz Acquisition Corp.

Q2 2022 FINTECH INSIGHTS
Global FinTech SPAC Mergers (cont.)

II
Q2 2022 FINTECH INSIGHTS
Global FinTech SPAC Mergers by Announced Date

Total EV
($ in mm) Closed Pending Cancelled

$12,000

$11,000

$10,000

$9,000

$8,000

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$0
12/6/2018 6/24/2019
2019 1/10/2020 7/28/2020
2020 2/13/2021 20219/1/2021 3/20/2022
H1 2022
Q2 2022 FINTECH INSIGHTS
Strategic M&A vs. Private Equity Buyouts / SPACs

II
Q2 2022 FINTECH INSIGHTS
Sector Breakdowns: M&A

H1 2022 Global FinTech M&A by Sector

$35 .0

Key Number of M&A Transactions (1) M&A Volume ($ in billions)

$30 .0

$25 .0

$20 .0

$15 .0

$10 .0

$5. 0

$0. 0
Q2 2022 FINTECH INSIGHTS
FT Partners Research

5. FINTECH IPOs
Q2 2022 FINTECH INSIGHTS
Selected Recent U.S. FinTech IPOs
Exchange / Amount IPO Current Current Total
Filing Date IPO Date Company FinTech Sector Target Country
Ticker Raised Price Price Market Cap Return
Q2 2022 FINTECH INSIGHTS
Volume and Number of U.S. FinTech IPOs

Amount Raised / Number of IPOs & Sector Breakdown by Number

19
16 17
13 13
10
7 8
Q2 2022 FINTECH INSIGHTS
US FinTech IPO Market – Age of Companies and Funding Sources

Median Age (in Years) of FinTech Companies at the Time of IPO

Funding Source Breakdown by Number of IPOs

Average / Median Age of Companies at Time of IPO by Funding Source Since 2005
Since 2005
Q2 2022 FINTECH INSIGHTS
Volume and Number of International FinTech IPOs

Amount Raised / Number of IPOs & Sector Breakdown by Number

17
13 14

9 8
5 6 6
2 3
Q2 2022 FINTECH INSIGHTS

Exchange / Amount IPO Current Current Total

Filing Date IPO Date Company FinTech Sector Target Country
Ticker Raised Price Price Market Cap Return
Q2 2022 FINTECH INSIGHTS
Selected Well-Funded Private FinTech Companies in the U.S.
Q2 2022 FINTECH INSIGHTS
FT Partners Research

6. APPENDIX
Q2 2022 FINTECH INSIGHTS
FT Partners Research

APPENDIX:
i. TRANSACTION PROFILES
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles

BANKING / LENDING TECH

Financing M&A
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles (cont.)

PAYMENTS
Financing M&A
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles (cont.)

CRYPTO & BLOCKCHAIN

Financing M&A
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles (cont.)

WEALTH & CAPITAL MARKETS TECH

Financing M&A
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles (cont.)

FMS
Financing M&A
Q2 2022 FINTECH INSIGHTS
Appendix: Published Transaction Profiles (cont.)

INSURTECH HEALTHCARE FINTECH

Financing Financing
Q2 2022 FINTECH INSIGHTS
FT Partners Research

APPENDIX:
ii. OTHER FT PARTNERS RESEARCH
Q2 2022 FINTECH INSIGHTS
Recent Exclusive FinTech CEO / Executive Interviews

Perry Woodin
Tyrre Burks Anish Kapoor Andrew Jamison
Sean Ryan

Flint Lane Peter Smith Karl MacGregor Rosario Ingargiola

Danielle Pensack David Fontain

Jeffrey Rogers Ladi Delano
Deirdre Clute Peter Grant

VIEW ALL RECENT INTERVIEWS

Q2 2022 FINTECH INSIGHTS
FT Partners Real-Time FinTech Deal Statistics

FT Partners publishes FinTech financing and M&A deal statistics on a weekly and monthly basis

Weekly Monthly
Q2 2022 FINTECH INSIGHTS
FT Partners Research – U.S. FinTech IPO and SPAC Analysis

FT Partners' IPO & SPAC Infographic provides an in-depth analysis of U.S. FinTech IPOs and SPAC transactions over the past decade

US IPOs & SPACs

•
Q2 2022 FINTECH INSIGHTS
FT Partners Research – B2B Payments

B2B Payments:
The Last Major Bastion of Paper-based
Payments and Processes

•
Click pictures to view report
Q2 2022 FINTECH INSIGHTS
FT Partners Research – The Blockchain Economy

The Blockchain Economy:

How Cryptocurrencies and Blockchain Technology Are
Redefining Existing Markets and Creating New Ones

•
Click pictures to view report •
Q2 2022 FINTECH INSIGHTS
FT Partners Research – Women in FinTech 2022

Women in FinTech 2022:

Redefining the Future of FinTech

Click pictures to view report

Q2 2022 FINTECH INSIGHTS
FT Partners Research – The Race to the Super App

The Race to the Super App

•
Click pictures to view report
Q2 2022 FINTECH INSIGHTS
FT Partners Research – Buy Now Pay Later

Buy Now Pay Later:

Revolutionizing Traditional Credit With
Convenience, Data & eCommerce

•
•
•

Click pictures to view report •

Q2 2022 FINTECH INSIGHTS
FT Partners Research – Youth-focused FinTech Platforms

Youth-focused FinTech Platforms

Attract Investor Attention

Click pictures to view report

Q2 2022 FINTECH INSIGHTS
FT Partners Research – A Flurry of Activity in Restaurant Tech

A Flurry of Activity in
Restaurant Tech

Click pictures to view report

Q2 2022 FINTECH INSIGHTS
FT Partners Research – Open Banking

Open Banking:
Rearchitecting the Financial Landscape

•
•

Click pictures to view report •

Q2 2022 FINTECH INSIGHTS
FT Partners Research – Healthcare Payments

•
•
Click pictures to view report
•
Q2 2022 FINTECH INSIGHTS
FT Partners Research – FinTech Meets Alternative Investments

FinTech Meets Alternative Investments

Innovation in a Burgeoning Asset Class

•
Click pictures to view report
Q2 2022 FINTECH INSIGHTS
FT Partners Research

APPENDIX:
iii. OVERVIEW OF FT PARTNERS
Q2 2022 FINTECH INSIGHTS
Overview of FT Partners – 20+ Years in Business

FT Partners
280
• The largest and most 280 Employees Globally
seasoned team in the world 436
exclusively dedicated to
serving and advising the Employees
FinTech sector
Total Experience of Managing Directors (Years) 212
• Veteran senior bankers from
Goldman Sachs, Morgan 330
London
Stanley, JP Morgan, and
other top Wall Street firms
office opens 170
joining the best platform to 155
provide valued clients with
unbiased advice and 239
differentiated transaction
execution 113 212
New York 185
office opens
• ~440 years of FinTech 83
advisory experience across
our Managing Directors 58 62
executing hundreds of 122
complex transactions
San Francisco 46 104
office opens
35 38
27 31 81
18 21 71
4 13 14 51
1 2 5 6
30 32 34
11 12 13 14
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Q2 2022 FINTECH INSIGHTS
Advisor of Choice for Leading FinTech Companies and Strategics

Selected Billion Dollar+ Clients Selected Transactions with Multi-Billion Dollar Valuations
Q2 2022 FINTECH INSIGHTS
Significant Experience Advising Large Financing Rounds

Company Amount Raised Company Amount Raised Selected Prominent Investors in FT Partners Led Rounds
Q2 2022 FINTECH INSIGHTS
Selected FT Partners’ International / Cross-Border Experience

Target Buyer / Investor International Aspect Target Buyer / Investor International Aspect
Q2 2022 FINTECH INSIGHTS
FT Partners Advises MFS Africa on its $100 million Financing

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•
•

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Velocity Global on its $400 million Series B Financing

Overview of Transaction

Significance of Transaction

FT Partners’ Role

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Urjanet on its Sale to Arcadia

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•
•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises SpotOn on its Series F Financing

Overview of Transaction

Significance of Transaction

FT Partners’ Role

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Newfront on its $200 million Financing

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•
•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Payrix on its Sale to FIS

Overview of Transaction

Significance of Transaction

FT Partners’ Role

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Cross River on its $620 million Financing

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•
•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Neon on its $300 million Series D Financing

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises CAIS on its $225 million Financing

Overview of Transaction
•

Significance of Transaction
•

FT Partners’ Role
•
•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Blackstone on its Investment in Currencies Direct

Overview of Transaction

Significance of Transaction

FT Partners’ Role

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises TabaPay on its Investment From SoftBank

Overview of Transaction

Significance of Transaction

FT Partners’ Role

•
Q2 2022 FINTECH INSIGHTS
FT Partners Advises Taulia on its Sale to SAP
Overview of Transaction
•

•
̶
•

Significance of Transaction
•

FT Partners’ Role
•

•
 Q2 2022 FINTECH INSIGHTS
Award-Winning Investment Bank Focused on Client Results

“We hired FT Partners back in 2009, and our Board “From the time we began having external “Wherever a board or a management team
feels that hiring FT Partners was one of the most conversations right up to the moment we has steered away from hiring FT Partners it
strategic decisions we could have made along this signed a definitive deal, FT Partners were always seems to end up in tears. Here’s to
journey. They have been tremendous partners for us, invaluable partners. They brought not only you and everything you do.”
and we are delighted with them on every level.” strategic advice but also worked tirelessly
helping execute all the way to closing. I can’t
imagine trying to navigate this process
without them.”

Michael Praeger, CEO, AvidXchange Haroon Mokhtarzada, Co-Founder and CEO Nigel Morris, Managing Partner

Consistent Recognition Through the Years

Bloomberg M&A Advisor Awards Silicon Valley’s Most LendIt FinTech Industry The FinTech Finance 40 The M&A Atlas Awards
FT Partners’ Steve McLaughlin Over 10 awards including Tech Popular Dealmakers Awards Steve McLaughlin ranked #1 in 2020 Large SPAC Deal of
was featured on Bloomberg Deal of the Year (2019) and Ranked #2 Tech Investment Top Investment Bank in 2017 and 2018 the Year
Investment Banking Firm of the Banker in 2016 FinTech in 2018
View the full article and watch 2020 Corporate M&A
Year (2016)
the live TV interview Deal of the Year
Q2 2022 FINTECH INSIGHTS
FT Partners Research

PROPRIETARY FINTECH RESEARCH

FT Partners regularly publishes detailed research highlighting key trends

driving market activity across all sectors of FinTech.

Our research and analysis has been featured on Bloomberg, The Wall
Street Journal, Dow Jones and the Financial Times and is regularly
viewed by CEOs and industry leaders.

FT Partners' unique insight into FinTech is a direct result of successfully

executing hundreds of transactions combined with over 20 years of
exclusive focus on the FinTech sector.

Each report published by FT Partners contains an in-depth review of a

unique area of the FinTech marketplace and is highly valuable and
topical to CEOs, board members, investors and key stakeholders across
the FinTech landscape.

Quarterly In-Depth
Industry Deep Monthly Market Transaction Video Executive Real-Time
Regional Reports & Annual Company
Dive Reports Updates Case Studies Conferences Interviews Infographics
Insights Profiles

WWW.FTPARTNERS.COM
Q2 2022 FINTECH INSIGHTS
FT Partners’ Disclaimer

Disclaimer: These materials may not be relied upon by any person or entity for any purpose except as expressly permitted by Financial Technology Partners LP and its
subsidiaries (including but not limited to FTP Securities LLC and FinTech Partners Ltd, collectively “FT Partners”) in a written agreement with FT Partners. These materials
are based on information provided by or on behalf of a third party or from public sources. FT Partners has relied on such information being complete and accurate in all
material aspects and assumes no responsibility for independent investigation or verification. We assume any estimates or forecasts relied upon reflect the best currently
available estimates and good faith judgments of the providing party. The findings in this report may contain predictions regarding particular industries or sectors which are
subject to inherent risks and uncertainties.

These materials may not be reproduced, disseminated, quoted, or referred to, in whole or in part, without the prior written consent of FT Partners. We assume no obligation
to update or otherwise revise these materials. We take no responsibility for the use of materials by persons other than our clients. These materials should be read in
conjunction with and are subject to any other materials provided.

These materials do not constitute an offer or solicitation to purchase securities, nor do they constitute a commitment by FT Partners to arrange financing for any transaction
or to purchase any security. These materials do not constitute legal, regulatory, accounting or tax advice. We recommend the recipient seek any such advice from a third-
party qualified professional. FT Partners provides financing and strategic advisory services to a wide range of entities from which conflicting interests or duties, or a
perception thereof, may arise. This report does not represent investment advice, nor does it provide an opinion regarding the fairness of any transaction.

This research is a macro analysis of industries and sectors. It does not attempt to predict the performance of specific public securities. Any investment topic being
discussed is not a recommendation of any security in isolation.