1、The State of European Foodtech 2022December 2022 Fintech 2022REPORTJanuary 2023Page/2 Leading fintech corporate venture fund.ABN AMRO Ventures is the corporate venture fund of ABN AMRO Bank,a leading bank in the Netherlands.The 150m balance sheet fund invests in the most relevant up-and-coming techn

2、ology companies to boost and accelerate innovation for the bank and its clients.The collaboration between the fund and the portfolio companies goes far beyond capital:ABN AMRO Ventures actively provides knowledge and expertise,access to the bank and its systems,support from relevant specialists insi

3、de and outside ABN AMRO,as well as an extensive external network.Global startup&venture capital intelligence platform.Dealroom.co is the foremost data provider on startup,early-stage and growth company ecosystems in Europe and around the globe.Founded in Amsterdam in 2013,we now work with many of th

4、e worlds most prominent investors,entrepreneurs and government organizations to provide transparency,analysis and insights on venture capital activity.In October 2015,the corporate venture fund was launched under the name ABN AMRO Digital Impact Fund with an initial size of 10 millionExamples of por

5、tfolio companiesPage/3 Check out our previous reports.The Rise of Embedded FinanceFintech 2021 report Fintech-enabled marketplaces 2021The State of European Insurtech 2022The next generation of tech ecosystemsPage/4 Valuation are still resetting.The return of the downround.The public and private mar

6、ket still have to converge.While the combined value of public fintech startups is down a massive 50%from last year,private ones are still up 24%.In fact,most of the repricing in private markets still has to come.Just 22%of VC-backed fintech startups raised a round in 2022 and we started to see notab

7、le downrounds such as Klarna,SumUp and Checkout.Fintech is still going down.Fintech startups raised$79B globally in 2022,down 38%from last year,but still almost double pre-pandemic level.This pullback has been slightly worse than the overall market,which is down 36%.Looking closer however,funding sl

8、owed down significantly in second half of 2022 painting an even less rosy picture.Megarounds have been the most hit,Q4 has seen just 21 of them,down from a peak of 102 in Q3 2021.What happened in fintech in 2022.Global fintech VC fundingFintech valuations changesFintech funding by segment in 2022Cry

9、pto and DeFiPaymentsFinancial management solutionsWealth managementMortgages&LendingBankingInsurtechRegtech-44%$4.6B$4.0B$3.2B$2.2B$2.1B$1.7B$0.5BAll segment down from last year,B2B is holding on a bit better.Payments and Crypto&Defi attracted the most funding in 2022,but all fintech segments are do

10、wn from last year,but all fintech segments are down from last year.Overall,B2B focused fintech have suffered less downturn than consumer ones.B2B SaaS has been even more resilient.-7%-10%-54%-8%-51%-23%-53%-54%-17%-31%-46%-37%-50%-52%-75%$18.0B$17.7B$13.1B$12.9B$11.6B$9.9B$7.3B$1.1B20172022$79B$128B

11、-38%202120202019-85%-73%-60%-50%+24%Private companies public companies20222021Fintech VC funding 20221Table of contents23Fintech trends in 2022Geographical insights 1Fintech VC funding in 2022Page/7 Fintech has attracted the most funding in 2022,but suffered a stronger downturn than other industries

12、.Semiconductors&energy have been the only downturn-proof ones.Source:Dealroom.co$4BFintechGlobal VC funding by industry in 2022VC funding growth by Industry,2022 vs 2021Health&biotechEnterprise softwareEnergyTransportationFoodSecurityRoboticsSemiconductors$79B$78B$66B$46B$44B$26B$23B$12B$11B+5%+0%-2

13、9%-30%-32%-35%-38%-44%-48%SemiconductorsEnergyHealth&biotechSecurityRoboticsEnterprise softwareFintechFoodTransportationTotal VC Funding-32%-38%+105%-54%-17%-23%-40%+48%+13%-21%FintechHealthEnergyTransportationSecurityMarketingFoodGamingReal estate3.1x2.0 x1.8x1.3x1.3x1.3x1.2x1.1x1.1x1.0 x-1.0 x-0.9

14、x-0.7xDoneOverall VC-34%Page/8 Venture capital investment into global fintech startups view online Source:Dealroom.co.$79B$43B$54B200001620182020$50B$100B2022$128BFintech startups raised$79B globally in 2022,down 38%from last year,but still almost double pre-pandemic

15、 level.$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)ScaleBreakoutStart$150B-38%DoneFintech startups who raised the most in 2022https:/app.dealroom.co/transactions.rounds/f/growth_stages/not_mature/rounds/not_GRANT_SPAC%20PRIVATE%20PLACEMENT/tags/not_outside%2

16、0tech/growth_stages/not_mature/rounds/not_GRANT_SPAC%20PRIVATE%20PLACEMENT/slug_locations/anyof_france/tags/not_outside%20tech/years/anyof_2022?showStats=YEAR&sort=-amount view onlineDonePage/10 Looking closer,after a strong first half of 2022,funding slowed down significantly in the months,going ba

17、ck to less than$5B/month.Source:Dealroom.co.Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Monthly venture capital investment into global fintech startups view online$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pr

18、e-seed)GrowthBreakoutEarly$5B$15B$10B 202120222020JanMarJulOctJanMarJulOctJanMarJulOct$10B/month$5B/month$100M)view online$100-250M$250M+1005010221Q42017Q22017Q22018Q22022Q42021Q42012Q42020Q22020Q22021Q42019Q22019Q420182691Done16Page/12 Tiger Global,Coinbase Ventures and Global Founders Capital have

19、 been the most active fintech investors in 2022.Source:Dealroom.co DatastudioHQRounds in 2022Preferred stageSelected deals from 20022US79Series BCheckout,Qonto,Polygon,FTX,NearUS69SeedMysten Labs,Amber Group,CoinDCX,LayerZero,RainGermany56SeedRain,Moss,Pennylane,tabby,Portofino TechnologiesUS46Serie

20、s ACross River Bank,SpotOn,Aleo,Aptos Labs,AlchemyUS41Series A/Series BCitadel Securities,Klarna,Animoca Brands,Remote,Trade RepublicHong Kong38SeedPolygon,Immutable,Sygnum,Hex trust,ArgentUS37SeedTreinta,Paymongo,Fasset,Zippi,NitraUS36Series A/Series BXendit,Remote,PayFit,Trade Republic,Genesis Glo

21、balMost active fintech investors globally in 2022See MoreSee MoreSee MoreSee MoreSee MoreSee MoreSee MoreSee More20001920212020TodayDonePage/13 Top most active fintech investors slowed down their investment pace in Q3&Q4 by 45 to 85%.Tiger Global and Animoca Brands have pulled

22、back the most.Source:Dealroom.co 2021 2020200000051020405030Today2 Latin America0 AfricaNumber of fintech investments 2022 Q3&Q4 2022 Q1&Q2AcceleratedSlowed down20608040-78%-46%-47%-85%-67%-52%-71%-48%DonePage/14$1.5TGlobal

23、 Agtech and Foodtech indexS&P500Source:Dealroom.coPublic fintech startups decreased in value by 50%this year,while private ones gained 15%in the same period.Combined enterprise value of global fintech companies$3.4B200022 YTD private companies public companiesCombined private e

24、nterprise value change by segment;2022 YTD vs.2021$744M$991M$1.2B$1.6B$3.5B$2.6BEnterprise software Industrial tech Jobs recruitment Transportation SecurityFood Fintech Marketing EducationHealth Media Gaming Travel Real estate 50%36%35%34%33%30%23%23%20%11%10%1%24%21%Combined value decreased by 50%s

25、ince 2022Combined value increased by 24%since 20212.3T0.9T1.5T2.0T1.1T1.2TCombined value increased by 24%since 2021Stripe,Revolut,BDonePage/15$93B($59B SaaS)$63B($43B SaaS)B2B focused fintech have suffered less downturn than consumer ones.B2B SaaS has been even more resilient.Source:Dealroom.coFinte

26、ch venture capital funding by business focus,2022 vs 2021 2021 2022B2C B2B-32%(-27%SaaS)$57B$30B-47%Done$93B($59B SaaS)$63B($43B SaaS)Fintech venture capital funding by business focus,2022 vs 2021 2021 2022B2C B2B-32%(-27%SaaS)$57B$30B-47%Page/16 Source:Dealroom.co The return of the downround.Privat

27、e valuations have not fully repriced yet,but some notable downrounds show sizable drops also in private markets.IvanRaised in 2022 at the same valuationChocoNotCoKrySorareZilchMindMazeSolarisAgile RobotsKlaviyoNotable companies that raised in 2022 at lower valuations than previous round.2021$46 B202

28、2$6.7B-85%2021$40 B2022$11B-73%2021$20 B2022$8B-60%Copy design from main deckCompanies that raised funding roundsOnly 22%of VC funded startups that have raised capital in 2022.Only 22%of VC backed fintech startups have raised capital in 2022.Most of the repricing still has to come.Page/17 The median

29、 ticket size has decreased significantly at late stage,while Seed and Series A still have to come back down.Median fintech round size by stageSource:Dealroom.co$1.5M$1.0M$2.0M$0.5M$20M$10M$25M$5M$15M20212022$20M$40M$60MSeedSeries ASeries B$2.5M$2.8MDatastudioSeries C+Copy design from main deck202020

30、222120222020$2.1M$11M$12M$8.2M$31M$30M$18M$91M$73M$55MPage/18 Just 4 fintech unicorns have been created in Q4 2022,a 93%drop from the peak of 57 in Q2 2021.Source:Dealroom.co OxyzoAptos LabTrust MachinesNEAR ProtocolLayerZeroiTrustCapitalPalmpayCointrackerFTX.USNumber of new fi

31、ntech unicorns globally view online 40302050602842Done578104Q12022Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1920182017Q2Q3Q4Page/19 Source:Dealroom.coQ12022Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q0152017Q2Q4Q3Q2Q12014Q4Q3Q2Q12013Q3Number of fintech IPOs a

32、nd SPACs,global view online 103040Q420The IPO/SPAC window has well and truly closed for fintech startups.DonePage/20 M&A in fintech is more active than ever,with notable acquisitions from traditional financial institution and fintech leaders.Number of fintech acquisition&buyouts,global view onlineSe

33、lected acquisition&buyouts in 2022 TargetExit roundAcquirorFocus$2.2B AcquisitionCrypto exchange$1.1B AcquisitionCore banking$700M BuyoutChallenger bank600200800200022400Page/21 Take-privates of VC-backed fintech companies are also more active than ever.Source:Dealroom.coCombin

34、ed valuation of take-privates of VC-backed companies view online$10B202220200112010$20B$30B2016$28B$11BSelected examplesDone2Fintech trends in 2022Page/23 On the riseAt the peakSliding into the troughClimbing the slopeEntering the plateauExpectationsPeak of inflated

35、expectationsTrough of disillusionmentSlope of enlightenmentPlateau of productivityTimeTechnology triggerTrading platformsNFTsBNPLChallenger insurtechGenerative AIThe 2022 Fintech VC hype cycle.Security&complianceOpen bankingChallenger banksRevenue-based financingCFO techAlternative investmentsEmbedd

36、ed financeClimate fintechPOS payment processingPage/24 LEGEND TEXT TOP ALIGNMENT SUBTITLE TEXT BOTTOM ALIGNMENT TITLE BOX BOTTOM ALIGNMENT YEAR TEXT BOTTOM LINE CONTENT(GRAPH)BOTTOM LINE TITLE BOX LEFT LIMIT TITLE BOX RIGHT LIMIT-44%-17%-31%-46%-37%Payments and Crypto&Defi attracted the most funding

37、 in 2022,but all fintech segments are down from last year.Source:Dealroom.co Fintech VC investment in 2022 by segment(%growth vs 2021)view online-31%-46%-37%-17%Crypto&DeFiPaymentsFinancial Management SolutionsWealth ManagementMortgages&LendingBankingInsurtechRegtech-44%$18.0B$17.7B$13.1B$12.9B$11.6

38、B$9.9B$7.3B$1.1B-75%-52%-50%Top 3 most funded startups in 2022All fintech segments are down in respect to 2021.Banking,Lending,Insurtech and Regtech have have been hit the hardest.Payment is still the top segment.Done$18.0B$17.7B$13.1B$12.9B$11.6B$9.9B$7.3BPage/25 Crypto&web 3 is still attracting co

39、nsiderably more funding than two years ago,but it dropped more than 4x from peak after notable failures¯oeconomics factors.Source:Dealroom.co.Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Monthly venture capital investment into crypto&web 3

40、.0 startups view online$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)GrowthBreakoutEarly$1B$4B$2B 202120222020JanMarJulOctJanMarJulOctJanMarJulOct$2B/month$1B/month$40B wiped outPage/26 Capital intensive business models such as Trading platforms and Challenger

41、 banks have struggled,while some emerging and anti-cyclical segments have performed better.Source:Dealroom.coChrisVC funding growth by selected fintech trends2022 vs 2021-48%-56%-58%-61%-91%BNPLCrypto exchangesChallenger insurtechChallenger banksTrading platformsFintech average-38%link+88%-1%-18%-36

42、%-41%Debt collectionB2B BNPLEmbedded financeCFO techClimate FintechOpen Alternative protein landscapeInvestment into the Climate Fintech startups is up 10 x in just 3 years,to$3.0B.Top 100 Web3 startups Top 100 insurtech startupsHave also a look at the newly added:Explore list Explore 300+Climate Fi

43、ntech startups across 14 categories Explore 300+Climate Fintechstartups across 14 categoriesVC funding into Climate Fintech startups20022$0.3B$3.0B10 x$0.6B$1.6BExplore list Explore list Explore 300+Climate Fintechstartups across 14 categoriesOpen Alternative protein landscapeDealroom has

44、 launched a powerful predictive algorithm to discover the most promising companies,Dealroom Signal.The input for each Signals algorithm includes company growth(team size,product growth),founders strength,completion score and contextual data(does the company fit into segments of interest),timing(is t

45、he startup likely to raise their next round soon)and team composition.Weve ranked the top 100 fintech startups to watch based on Dealroom Signal:a powerful algorithm helping VCs,Corporates and Governments find the most promising up and coming startups.Dealroom Startup Signal Top 100 Fintech Startups

46、 to watch Top 100 Web3 startups Top 100 insurtech startupsHave also a look at the newly added:Top 100 Fintech Startups to watch3Geographical insightsPage/30 LEGEND TEXT TOP ALIGNMENT SUBTITLE TEXT BOTTOM ALIGNMENT TITLE BOX BOTTOM ALIGNMENT YEAR TEXT BOTTOM LINE CONTENT(GRAPH)BOTTOM LINE TITLE BOX L

47、EFT LIMIT TITLE BOX RIGHT LIMIT The fintech pullback has still been more pronounced in the US than in Europe.VC investment in fintech startup by HQ Europe view online USA view online$14B$1.0B14x$60B$5.5B6.3x202220172016$10B$20B$30BSource:Dealroom.co.Mobility refers to the“Transportation”industry in

48、Dealroom.For details see methodology and definition.20021WIPUS down from$34B to$14.7B in 2022 YTD-57%US below 2020 and even pre-pandemic levelsDriven by megarounds of lineage,cruise and TerawattEurope only down from$14.1B to$9.1B YTD-35%Europe already second strongest year everDriven by m

49、egarounds of Northvolt,Bolt and Rimac$60B$10B$40B$30B$50B$28B20222001920202021$xxB$32B$22B-47%-21%$20B$60B$10B$40B$30B$50B$20BDonePage/31 US,UK and India keep being the top countries for fintech globally.Indonesia and France have been the only top countries to show positive growth.Source:

50、Dealroom.co Top countries by fintech investment in 2022 view onlineUnited StatesUnited KingdomUnited KingdomGermanyItalyFranceBrazilChinaIndia$33.1B$11.4B$343M$316M$237M$6.2B$443M$566M$722M+137%+6.5%-40%-52%-61%-68%-76%-81%SwedenItalyGermanyFranceBrazilIndiaUnited StatesChinaUnited KingdomGrowth in

51、Fintech investment 2022 vs 2021Just templateTop countries for fintech investment in 2022 view onlineUnited StatesUnited KingdomIndiaFranceSingaporeGermanyIndonesiaCanadaBrazil$33B$11B$2.0B$1.9B$1.9B$1.8B$2.5B$3.2B$6.3B+30%+14%-8%-19%-33%-35%-46%-54%-55%IndonesiaFranceSingaporeUnited KingdomSwedenInd

52、iaUnited StatesGermanyCanadaGrowth for fintech investment in top countries2022 vs 2021Sweden$1.5BBrazil-55%Page/32 London and the Bay Area are head-to-head as top global hub once again.Chicago and Paris have been the only top hubs to show positive growth.Source:Dealroom.co$819M$3.9B$15.7B$21.7B$2.3B

53、$926Mxx$1.2BxxTop global hubs for fintech investment in 2022 view onlineLondonBay AreaNew York CityParisSingaporeBengaluruChicagoLos AngelesBerlin$9.7B$9.7B$2.4B$2.0B$1.9B$1.7B$2.5B$2.8B$8.1B+44%+16%-8%-16%-21%-34%-45%-51%-52%ChicagoParisSingaporeLos AngelesLondonBengaluruNew York CityBerlinSo Paulo

54、Growth for fintech investment in top global hubs2022 vs 2021Just templateSo Paulo$1.4BBay Area-60%DoneExplore the ecosystemfintech.dealroom.coAccess over 47,000 fintech startups,42,000 funding rounds,and our latest insights on the world of fintech.Visit the platformExplore the ecosystemfintech.dealr

55、oom.coAccess over 47,000 fintech startups,42,000 funding rounds,and our latest insights on the world of fintech.Visit the platformPage/34 Source:Dealroom.co$1.5B$1.5B$1.2B$784M$652M$441M$784MGreater LondonBay AreaNew YorkParisSingaporeBengaluruGreater Boston RegionSo PauloLos AngelesJakartaVenture c

56、apital methodology and definitions.Venture capital investmentInvestment numbers refer to rounds such as Seed,Series A,B,C,.late stage,and growth equity rounds.Venture capital investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Buyouts,M&A,secondary rounds,and

57、IPOs are treated as exits:excluded from funding data.Investment rounds are sourced from public disclosures including press releases,news,filings and verified user-submitted information.ValuationThe combined valuation of the tech ecosystem is based on their market cap or latest transaction value.Tran

58、saction value is realized from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by Dealroom based on benchmarks.Startups,scaleups,grownups and techCompanies designed to grow fast.Generally,such companies are VC-investable businesses.Sometimes they can become very big(e.g.$1B+valuation).When startups are successful,they develop into scaleups(50 people),grownups(500 people)and result in big companies,like Klarna or Coinbase.Only companies founded since 1990 are included in this report.Done