2024年欧洲和美国金融科技报告（英）

Investment Rating - The report indicates a cautious investment climate in the fintech sector, with a significant decline in venture capital funding, suggesting a "flight to quality" among investors [6][36][45]. Core Insights - Fintech VC investment reached $42 billion in 2023, marking a 63% decrease from the previous year, with the US experiencing a 45% drop compared to Europe's 66% decline [6][18]. - The majority of fintech companies founded since 2000 in the US and Europe are valued at$ 2 trillion, with $1.3 trillion (66%) remaining private and not exited [8][40]. - Payments continue to dominate funding, attracting nearly three times more than any other sub-industry, despite a 64% decrease from 2022 [8][71]. - The report highlights a shift in wealth management from neo brokers to alternative investments and financial advisory tools, indicating a potential growth area [73][78]. - Climate fintech funding, while down 55% in 2023, remains 2.4 times higher than pre-pandemic levels, suggesting resilience and future growth potential [81][87]. Summary by Sections Fintech Investment Trends - VC investment in fintech startups reached$ 42 billion in 2023, a 63% drop from 2022 [6][13]. - Seed and Series A stages showed the best resilience, down 60% from their peak [6][26]. - The median round size decreased by 12% across all stages, with Series C+ experiencing a 31% drop [31][36]. Market Dynamics - The US and Europe accounted for 68% of global fintech funding in 2023, a significant increase from previous years due to China's retraction from the segment [18]. - The report notes that public listings have nearly halted since 2021, creating a backlog of over $500 billion in private fintech value [8][43]. Sector-Specific Insights - Payments are the most resilient segment, while crypto and DeFi saw the largest declines [8][71]. - Wealth management funding has shifted focus, with alternative investments gaining traction [73][78]. - Climate fintech is positioned for significant growth, with a strong emphasis on sustainability and financing needs [86][87]. Investment Landscape - The report identifies a strong M&A activity in fintech, with private equity firms capitalizing on low valuations [52]. - Notable fintech investors include Andreessen Horowitz and General Catalyst Partners, focusing on early-stage investments [55].