Worth Approximately $70bn.
In brief:
- There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners.
- There were 248 financing deals in fintech during the quarter, although their total value was down from $14.1 billion in Q4 2023 to $7.8 billion, highlighting continued investor caution against the backdrop of ongoing inflation and geopolitical instability.
- M&A saw 240 deals, dominated by the $35.3 billion agreement between Capital One and Discover, which pushed total deal value across M&A and financing to $70 billion.
