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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

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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%

Download the report for more detailed financial technology investment banking insights

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