In May 2019, FinTech startups across the globe raised $2.67 billion worth of VC/PE investments across 121 deals. The US heavily dominated the funding charts with $1.59 billion, which was a whopping 59.6% of the global FinTech funding in the fifth month of 2019. The United Kingdom was a distant second with a 12.1% ($325.4 million) contribution, with Canada and Mexico contributing 4.3% ($117.5 million) and 3.9% ($105.5 million), respectively.
Region
In region-specific terms, the Americas dominated global FinTech VC funding in May with 68.8% in contributions in terms of funding value ($1.84 billion) and 35.5% in terms of the number of deals (43).
Europe placed second with 19% in contributions to global FinTech VC funding in May by value ($509.1 million) and 35.5% in terms of the number of deals (43).
Asia placed third with 11% in contribution to global FinTech VC funding in May by value ($295.6 million) and 22.3% in terms of the number of deals (27).
Segments
Among the segments, Payments led the VC funding race in May 2019 with $713.25 million in funding across 16 deals. Some of the biggest fundraises from this segment in May: the USA-based Marqeta series E funding of $260 million, the UK-based Checkout series A funding of $230 million, and the Mexico-based Clip series C funding of $100 million.
The segment that held second place in the funding race was Lending, which saw $706.6 million raised across 20 funding deals. SoFi received the highest funding in this segment with $500 million in Private Equity funding followed by Harbin Consumer Finance from China that received $65.37 million in funds.