deal highlights: global + germany / austria / switzerland. 5th fintech forum, vienna
TRANSCRIPT
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FinTech Deal Highlights + Key Results from the 2nd Study of FinTech
h$p://fintechforum.de/Studie
Samarth Shekhar
Co-‐Founder, FinTech Forum | Founder & MD, TechFluence
22nd June 2015, Vienna
FinTech Forum a BankITX and TechFluence iniFaFve
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FinTech in Numbers: Global, Europe & DACH Funding: Global 1 -‐ $930M in 2008 -‐ $12.1 B in 2014 Funding: Europe 2 -‐ $1.1 B (5x of 2013)
Funding D.A.CH -‐ $175+ (disclosed) 3 -‐ $300m+ (total) 2
Sources: 1 CB Insights / Accenture 2 Financial News / Dow Jones Venture Source 3 TechFluence research
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$250 M Adyen: outsourced mulF-‐channel payment soluFon
$150 M Square: merchant payments / financial services aggregator
$150 M Stripe: online payment soluFon for merchants
$130 M Renrendai: P2P lending
$85 M Credit Karma: credit score and financial management
$80 M Sofi: Student loan consolidaFon & refinancing
$80 M Powa Technologies: internaFonal (e-‐/m-‐) commerce
$77 M OnDeck: Business / SME lending
$75 M Avant Credit: Personal loans
$65 M Funding Circle: P2P business lending
$870 M raised at ~ $8.9 B valuaFon
$200 M raised at ~ $1.3 B valuaFon
FinTech Deal Highlights: Global | 2014
IPOs
Source: 2nd Study of FinTech in DACH + CE, FinTech Forum / TechFluence
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FinTech: Opportunity or Threat?
Banks’ inerFa => opportunity for (non-‐bank) compeFtors
$4 Trn Revenue + $470 Bn Margins at risk *
(* Goldman Sachs’ report March, 2015)
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FinTech Investments by Non-‐Financial Sector Firms
Source: CB Insights
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Key Results: 2nd Study of FinTech Startups by FinTech business area (n=206)
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21
5
10
10
8
45
13
39
6
27
Capital Markets Technology
Crowdfunding
Cryptocurrency
Data AnalyFcs
Insurance
Invoicing & AccounFng
Lending / Banking
Other
Payments
Security
Trading & Investment
Source: 2nd Study of FinTech in DACH + CE, TechFluence
h$p://fintechforum.de/studie
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Selected ParFcipants: 2nd Study of FinTech
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Expansive!Ventures!
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Deal Highlights: D.A.CH 2011-‐2013 ($50-‐60M)
Mobile card acceptance (Square rival). Rocket Internet , plus over €10 mn from New Enterprise Associates, ru.net, Holtzbrinck Ventures in 2012
Cloud Banking Platform: $2 mn (Point Nine Capital, Runa Capital and Kizoo in 2013)
Online payment startup (Stripe rival). > €14 mn (Holtzbrinck Ventures, Sunstone Capital, Blumberg Capital) in 2013.
P2P lending. $12 mn (Index Ventures, Union Square Ventures in 2013)
Big data credit scoring/micro-‐lending. Multi-‐mn. € from Blumberg Capital, Point Nine Capital, Heiko Hubertz (Bigpoint), Samwer Brothers in 2013.
Licensed Web 2.0 Bank. (JZI, CFP, Anthemis Group, Life.SREDA etc.
Online credit marketplace. > € 4 mn . Privatbank Banca Sella , Earlybird, Neuhaus Partners in 2011
Swedish payments firm Klarna acquires Germany’s Sofort For $150M
E-‐Loan Specialist Wonga Buys BillPay, The PayPal Of Germany…
Japan‘s Minkabu acquires stock-‐centric community sharewise.com
Investmen
tsM&A
Source: 2nd Study of FinTech in DACH + CE, FinTech Forum / TechFluence
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Deal Highlights: D.A.CH | 2014 ($175 M+*)
€4 M: Vogel Ventures, High-‐Tech Gründerfonds, MCB Salt etc. N.A.: SevenVentures
€4 M: Target Partners, Mercura Capital, Mercury Capital N.A.: DvH Ventures
N.A.: Orange Growth Capital, Redalpine Venture Partners
N.A.: DvH Ventures
N.A.: DvH Ventures
~€42 M: Värde Partners, Point Nine, Blumberg, Kreos etc.
€13 M: Access Industries, Holtzbrinck Ventures etc.
~€13 M: FoundaFon Cap, Partech, Sco$ Bommer etc.
“mulX-‐mn €”: Berlin Tech Holding, ALSTIN etc.
“double-‐digit mn”: Life.SREDA
€ 3 M: private / mulFple investors
€ 4 M: Zobito, Target Partners
€ 2.5 M: Route 66 Ventures
€6 M: SpeedInvest, VHB Ventures, Lang & Schwarz etc.
€2.5 M: Luminor Capital
“mulX-‐mn €”: Li Ka-‐Shing / Horizons Ventures, VantageFund (Australia)
N.A.: FinLeap, Point Nine Capital, DvH Ventures
€4.2 M: SBT Venture Capital, Orbium, Polytech Ventures
€0.2 M: Point Nine Capital, Nelson Holzner (BillPay CEO)
Insurance
Lend
ing / Ba
nking
Paym
ent
PFM /
Trad
ing
Security
Bitcoin
N.A. €12 M: main incubator,
Sopware AG N.A.: main incubator, Check24, T-‐Venture
* Disclosed deals only. Source: 2nd Study of FinTech in DACH + CE, FinTech Forum / TechFluence
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Berlin Inventorum $5M Spotcap $16.3M SumUp $13.1M Bitbond $0.3M Düsseldorf
Auxmoney $16M
Frankfurt Traxpay-‐$15M Vaamo-‐ $3.1M Ayondo-‐ $4.0M
Hamburg Kreditech $55M
München Finanzchef24-‐ $5.0M LaterPay-‐ $3.8M
Wien Wikifolio-‐$7.5M
Yverdon-‐Ies-‐Bains Netguardians $5.2M
Base map: "D-‐A-‐CH locaFon map" by NordNordWest -‐ own work, using United States NaFonal Imagery and Mapping Agency data. Licensed under CC BY-‐SA 3.0 via Wikimedia Commons
FinTech Funding Map (2014): D.A.CH
Walldorf Treasury Intelligence $5M
$55M
$34.7M
$22.7M
$8.8M
$16M
$7.5M
$5M
$5.2M
Source: 2nd Study of FinTech in D.A.CH/CEE Disclaimer: All numbers are approximaFons based on disclosed deals only, All numbers are based on public sources for academic purposes only. We are not liable for any errors or omissions.
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Deal Highlights: D.A.CH | 2015 (year to date)
Source: 2nd Study of FinTech in DACH + CE, FinTech Forum / TechFluence
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FinTech Forum Alumni Selected Achievements
xWare42: FinTech InnovaFon Lab (2015) BitBond: funding €800K in 2 rounds; semi-‐finals, Innotribe Moneymeets: funding (undisclosed); semi-‐finals, Innotribe Wikifolio: funding €6M TraxPay: funding €15M. PYMNTS.COM 2014 AWARD Vaamo: funding (€2.5M) Lendstar: funding (undisclosed); Innotribe & BBVA Open Talent Cashboard: winner, 7VPD / NOAH Conf.; finals, BBVA Open Talent Fidor: Banking IT InnovaFon Award 2014, Global Growth Co. Bankless24: Banking IT InnovaFon Award 2014 Cashcloud: Banking IT InnovaFon Award 2014, listed June 2015 at Frankfurt Stock Exchange
* Disclosed amounts, based on public sources e.g. h$p://venturebeat.com/ , h$p://venturevillage.eu/, h$p://www.gruenderszene.de/, h$p://techcrunch.com/ etc. We are not liable for any errors.
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PresenFng Startups: 5th FinTech Forum 22nd June, 2015 | Vienna
We make money available to customers by various consumer loan products. Investors profit through porwolios we originate.
AlternaFve financing for well-‐established SMEs.
Mobile Fan Engagement plaworm to engage and
moneFse the fan community:
“Tap, Tap, Done!” Patented technology w/ simple, secure mobile payment across card
issuers.
Send money, make purchases or pay bills to any SEPA bank account: with Cashila and
Bitcoin.
"We move money": Mobino enables mobile payments for 5
billion people.
The distribuFon channel for banks that cuts cost of sales and
pays customers!
Rethinking the way you discover bank advisers and communicate with banks.
Simply more returns: invest and build wealth with the best mutual
funds.
The back-‐end sopware for the quickest start of any FinTech
product
Real-‐Fme micro lending as your new credit line
“Heute Leistung, Morgen Geld” – factoring soluFons for freelancers and entrepreneurs.
Bitcoin, the easy way! Buy or sell bitcoins and other Cryptocoins!
Blockchain-‐based digital cash soluFons to move money between enterprises, people and appliances
Vending for a new generaFon The first cost saving mulF-‐banking gateway +
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THANK YOU!
Download a free excerpt of our 2nd Study of FinTech hip://www.fintechforum.de/studie/