Insights

Following the record Q1 for M&A activity led by the First Data / Fiserv transaction, the payments sector remains active with announced acquisitions by First Data, Mastercard and Stripe announced in April
Sector Report: Financial Technology April 2019
EXECUTIVE SUMMARY
Financial technology investment banking insights:
- Select April Financing Transactions
- NEA investment in Divvy (Announced April 30)
- Coatue investment in UiPath (announced April 30)
- SoftBank investment in Lemonade (announced April 11)
- First National Bank of Omaha investment in Upstart (announced April 8)
- Thrive Capital investment in Affirm (announced April 3)
- Franklin Templeton investment in Bill.com (announced April 2)
- Select April M&A Transactions
- Francisco Partners acquisition of PayScale (announced April 25)
- First Data acquisition of Payzone (announced April 18)
- Stripe acquisition of Touchtech Payments (announced April 17)
- Difference Capital merger with Mogo Finance Technology (announced April 15)
- YieldStreet acquisition of Athena Art Finance (announced April 10)
- Deutsche Börse Group acquisition of Axioma (announced April 9)
- FinTech Public Company Landscape – sub-sectors and key operating stats
- Banking & Lending Technology
- Combined Market Cap: $231B
- 19/18 Rev. Growth: 8%
- 19 EBITDA Margin: 29%
- Benefits Administration / Payroll
- Combined Market Cap: $124B
- 19/18 Rev. Growth: 13%
- 19 EBITDA Margin: 28%
- Financial SaaS
- Combined Market Cap: $178B
- 19/18 Rev. Growth: 20%
- 19 EBITDA Margin: 21%
- Information Services
- Combined Market Cap: $379B
- 19/18 Rev. Growth: 6%
- 19 EBITDA Margin: 34%
- Insurance Technology
- Combined Market Cap: $43B
- 19/18 Rev. Growth: 10%
- 19 EBITDA Margin: 17%
- Investment Technology
- Combined Market Cap: $245B
- 19/18 Rev. Growth: 8%
- 19 EBITDA Margin: 28%
- Liquidity Venues
- Combined Market Cap: $286B
- 19/18 Rev. Growth: 5%
- 19 EBITDA Margin: 57%
- Payments
- Combined Market Cap: $1,162B
- 19/18 Rev. Growth: 10%
- 19 EBITDA Margin: 27%
- Real Estate and Mortgage Tech
- Combined Market Cap: $217B
- 19/18 Rev. Growth: 10%
- 19 EBITDA Margin: 16%
- Trading Technology
- Combined Market Cap: $104B
- 19/18 Rev. Growth: 5%
- 19 EBITDA Margin: 52%
- Banking & Lending Technology
Download the report for more detailed financial technology investment banking insights