Top 5 VC Deals | Fintech

This week - all but one deal exceeded $100M USD in funding - again. The THREE deals topping $200M+ USD were in retail fraud protection, insurtech and neo-banking (back end platforms).

It's a very diverse set of funding rounds we have this week including a challenger bank (Current), an interesting automated receivables funding platform (Pipe) which apparently is quite the fintech darling these days, two rewards platforms - one in Wisconsin and the other in India, an a LatAm cross-border payments platform out of Uruguay.

As with last week, we have seen a slight slowdown in the mega-deals for the prior week in digital wealth deals

With bitcoin and crypto in general continuing its pricing uptrend - so, too, is investment within the crypto and blockchain sectors - with 3 of this week's top 5 fintech VC deals falling under those two categories.

IN A TRULY ASTONISHING MOMENT FOR FINTECH VC, this week we saw NINE VC deals in the digital wealth sector in excess of $100M.

We're back this week with FIVE $100M+ VC deals, and the top one - BlockFi - at $350M

Insurance and crypto. Those categories were the two big winners this past week in fintech-focused venture capital with deals ranging from $80M-$100M.

We saw three deals close this past week in excess of $100M - two in the US and one in a new market for us - South Africa.

This past week, America "won" with four of the five top VC deals in the fintech sector. Furthermore, all four of those deals surpassed $100M, while the 5th deal - and Indian digital lending startup - scored $75M for their new venture.

This past week, the real estate category (proptech) continued to see dollars flow iwht a $227M deal for Fraction Technologies out of Canada. This is a shared equity program, similar in scope to what Unison offers here in the US. And we think this is SUCH a smart offering, as many people may have sufficient cash flow but not enough capital for real estate down payments.