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Early-stage fintech funding plunged in 2019 as investors poured big money into growth-stage startups to the tune of $17.2 billion

1 month ago   |   By Business Insider

The number of fintech funding rounds above $100 million reached a record high in 2019, according to a report from CB Insights published Wednesday.
There were 83 mega-rounds that totaled $17.2 billion in 2019, representing nearly half of the $34.5 billion raised by fintechs last year.
The focus on larger, later-stage rounds is a nod to the maturation of a market that wasn't even widely recognized a decade ago. Once viewed as scrappy competitors to the traditional players, fintechs have represented a real threat to how established firms across financial services do business.
At least one big...
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