TLDR:
- Retail Fintech VC deal value surged to $2.6 billion in Q4 2023.
- Deal count decreased by 36.0% QoQ and 32.1% YoY.
Retail Fintech VC deal value increased by 5.0% QoQ to $2.6 billion in Q4 2023, as reported by Pitchbook. Despite this increase, deal value was down by 18.2% YoY and remained at its lowest level since Q1 2017. For the full year, retail fintech companies secured $10.0 billion in venture capital, reflecting a 57.5% decrease from the previous year. In Q4, 148 VC deals were recorded, representing a 36.0% QoQ decrease. The top deals were primarily in credit & banking companies, including Tamara’s $340.0 million Series C, KOHO’s $277.8 million Series D, and Tabby’s $250.0 million equity and $700.0 million debt Series D. Other notable deals came from wealthtech and consumer payments sectors. However, the Fintech M&A landscape is experiencing a decline, with $28.3 billion in US/Canadian fintech M&A value in 2023, marking a 45.8% decrease from 2022.
