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2024年二季度企业金融科技报告

金融 2024-07-01 PitchBook 郭小欧

Q2 2024 Enterprise Fintech Report Overview

Institutional Research Group Analysis

Timeline: The quarter saw significant developments in enterprise fintech, including buyouts, VC deals, and regulatory updates.

Key Highlights

VC Activity:
- Value and Count: In Q2 2024, $4.6 billion was raised across 315 deals, marking a 27.1% YoY increase in deal value but a 6.3% decrease in deal count compared to Q1 2024.
- Deal Sizes: The median pre-money valuation rose to $24.8 million, up 24.2% from 2023. Late-stage deals showed the largest median increase at 18.1% to $50.0 million.
- Geographical Distribution: Deal activity was reported globally.

Key Deals and Trends

Deal Value: The highest deal value segments were capital markets, CFO stack, and financial services infrastructure.
Notable Deals:
- Clear Street's $685.0 million Series B, AlphaSense's $650.0 million acquisition financing, QI Tech's $250.0 million Series B, Kapital's $165.0 million Series B, Ramp's $150.0 million Series D2, and Celcoin's $125.0 million Series C.
Deal Size Breakdown: Median deal sizes varied across stages, with late-stage increasing significantly compared to previous years.

Innovation Spotlight

Cross-border Payments: Highlighted advancements in cross-border payment solutions, addressing regulatory requirements and enhancing global financial connectivity.

Select Company Highlight: Airwallex

Background: Airwallex, a leading global fintech company, focuses on cross-border payments and currency management services.
Leadership: Key figures include Jack Zhang (CEO), Lucy Liu (President), Xijing Dai (CTO), Kai Wu (CRO), Jeanette Chan (CCO & GC), Ki-lok Wong (Principal Architect), and Max Li (Head of Product Design).
Funding History: Airwallex has received significant funding, notably from Tencent Holdings, DST Global, Square Peg Capital, and Lone Pine Capital, among others.
Valuation: Currently valued at approximately 6.2x trailing twelve months (TTM) sales multiple, based on recent transactions. Peer valuations range widely, from 1.8x to 16.5x TTM sales multiples.

Conclusion

The Q2 2024 Enterprise Fintech Report underscores the dynamic nature of the industry, with notable growth in VC investments despite a slight decrease in deal count. Key areas such as cross-border payments and financial services infrastructure show promising innovations and investment opportunities. Airwallex exemplifies the potential growth trajectory of companies operating within this sector, highlighting the importance of strategic partnerships and robust funding rounds in achieving significant milestones.

新兴技术研究输入pr ise Fi ntech回购t VC趋势和创新焦点报告预览完整的报告可通过以下方式获得PitchBook平台 Contents 垂直更新3 机构研究小组分析 Q2 2024时间表6 鲁迪·杨新兴技术高级分析师rudy. yang @ pitchbook. compbinstitutionalresearch @ pitchbook. com 企业金融科技格局7 企业金融科技VC生态系统市场地图8 VC活动9 Data Matthew Nacionales高级数据分析师科林·安德森数据分析师创新聚光灯20 发布选择公司突出显示23 设计的报告Chloe Ladwigand德鲁·桑德斯 Airwallex24 发表于2024年7月31日 26Appendix Q2 2024时间表 -13.7%同比增长 $4.6B总交易价值 27.1%季度环比增长企业fintech景观替代贷款资本市场CFO堆栈商业金融金融服务基础设施PaymentsRegtechWealthtech VC激活它y 交易价值和计数：2024年第二季度，企业金融科技公司获得了46亿美元的风险投资315笔交易。虽然交易数量环比下降6.3%，同比下降13.7%，但交易价值增长了27.1%同比和季度环比2.2%，表明最近几轮交易规模增加。企业金融科技创业公司继续占据VC交易价值的大部分份额，占金融科技总额的51.9%第二季度的风险资本。然而，这是企业金融科技公司持有的最小份额自2021年第一季度以来。主要交易：第二季度交易额最高的细分市场是资本市场（16亿美元），首席财务官堆栈（12亿美元）和金融服务基础设施（6.727亿美元）。完成的著名交易第二季度包括Clear Street的6.85亿美元B系列，AlphaSense的6.50亿美元收购融资收购竞争对手公司Tegus，QI Tech的2.50亿美元B系列(包括50.0美元百万延期)，Kapital的1.65亿美元B系列(4, 000万美元股权，1.250亿美元债务)，Ramp的1500万美元系列D2和Celcoin的1.250亿美元系列C。交易规模:年初至今，企业金融科技公司的风险投资交易规模中位数为500万美元，从2023年的中位数450万美元上升11.3%。在阶段水平，后期交易在median deal size to $990 million. Other stages decreased from their 2023 medians, with pre - seed /种子下降22.8%至220万美元，早期风险投资下降6.2%至500万美元，风险投资增长率下降31.5%，至1, 700万美元。资金前估值：企业金融科技公司年初至今的预估值中位数now sits at $2480 million, up 24.2% from the 2023 median. Medians from all deal stages have与2023年相比有所增加。种子前/种子中位数增长1.3%，达到1060万美元，早期中位数上升62.9%至4560万美元，晚期中位数上升18.1%至$50.0 million. Notable, the venture - growth median increased 875.4% to $14 billion; however, the此交易阶段的数据集稀疏，目前比其他交易阶段的数据集小得多。选择公司亮点：AIRWALLEX 交易。根据这些数据，我们估计Airwallex目前的交易价格约为6.2倍TTM销售倍数。同行的企业价值/ TTM销售倍数目前为Payoneer的1.8倍，Corpay为6.4 x，Remitly为2.5 x，PayPal为1.9 x，Visa为16.0 x，Mastercard为16.5 x。联合创始人兼首席技术官：西京(雅各布)戴 •首席收入官：吴凯•首席合规官和总法律顾问：Jeanette Chan•联合创始人兼首席建筑师：Ki - lok Wong•联合创始人和产品设计负责人：Max Li 领导力联合创始人兼CEO：杰克·张•联合创始人兼总裁：Lucy Liu PitchBook Data, Inc.Nizar Tarhuni研究执行副总裁和市场情报保罗·康德拉新兴技术研究主管关于PitchBook工业和技术yResearch 额外的研究埃里克·贝洛莫eric. bellomo @ pitchbook. com游戏电子商务德里克·埃尔南德斯derek. hernandez @ pitchbook. com企业SaaS基础设施SaaS Ali Javaheriali. javaheri @ pitchbook. com新兴空间布伦丹·伯克brendan. burke @ pitchbook. com数据分析信息安全人工智能与机器Learning 罗伯特·勒robert. le @ pitchbook. comInsurtechCrypto 独立、客观和及时的市场英特尔亚伦·德加涅aaron. degagne @ pitchbook. comMedtech数字健康随着私人市场在复杂性和竞争中的持续增长，这对投资者了解推动资产类别的行业、部门和公司。约翰·麦克唐纳john. macdonagh @ pitchbook. com碳排放技术清洁能源技术我们的行业和技术研究提供了对新兴科技行业的详细分析您可以更好地驾驭您所在的不断变化的市场-并寻求新的机会有信心。亚历克斯·弗雷德里克alex. frederick @ pitchbook. comAgtechFoodtech 丽贝卡·斯普林格rebecca. springer @ pitchbook. com医疗保健服务制药服务 jonathan. geurkink @ pitchbook. com供应链技术移动技术鲁迪·杨rudy. yang @ pitchbook. com企业金融科技零售金融科技 © 2024 by PitchBook Data, Inc.保留所有权利。不得以任何形式或任何方式复制本出版物的任何部分-图形，电子或机械，包括影印、记录、录音以及信息存储和检索系统-未经PitchBook的明确书面许可Data, Inc. Contents are based on information from sources believed to be reliable, but accuracy and completity cannot be guaranteed. Nothing herein应解释为任何过去、当前或未来的买卖证券或出售要约的建议，或购买任何证券的要约的邀请security. This material does not purport to contain all of the information that a prospective investor may wish to consider and is not to be relied upon as such或用于代替行使独立判断。 Kazi Helalkazi. helal @ pitchbook. com生物制药Pharmatech

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