Fintech Market Update | Q1 2024

Alantra’s Fintech Market Update Q1 2024 Report provides a review of the market and the team’s perspective on the year to come.

Key takeaways from the report:

• Alantra’s public company Fintech Index is up +27% in the last six months, outperforming both the S&P500 and NASDAQ
• Market valuations have stabilised, with Fintech stocks trading at ~8.0x EV/LTM Revenue
• M&A volumes continue to remain depressed (down 23% over the last 12 months), but signs of recovery are visible, with deal value up 3.0x YoY in Q1 2024 and growing positivity for H2 2024
• VC activity continues to decline, however demonstrating some resilience with a number of notable deals completed, such as Monzo’s $430m funding round led by CapitalG
• PE firms are under mounting pressure to deploy dry powder and are actively searching for opportunities, such as the take-private of Nuvei by Advent for c.$6.3bn
• Financial services market is improving as the macro environment stabilises and interest rates return to more normalised levels
• Trends around ongoing digitization, including the emergence of new technologies (e.g. blockchain, Gen AI, quantum), and continued regulatory changes, keep on pressuring Fintechs to evolve and point towards hopes for a more active M&A market in the second half of 2024 and beyond

Download a copy of the report using the button below. 

As a firm we continue to be active across all sub-sectors, advising on 15 Fintech deals in the last 24 months. Our differentiated model combines a scaled and global technology team with a market leading and comprehensive FIG team to offer a unique service to our Fintech clients. This cross-sector, cross-product capability comprises a full spectrum of advisory services, including M&A, capital raising, and strategic and regulatory advisory across all segments of Fintech, including Credit and Lending Tech, Capital Markets, Digital Banking, Wealth Tech, Payments and Office of the CFO.

Contact the team to discuss how Alantra can help you.