In 2021, fintech companies raised a record $125B, with megarounds accounting for 67% of all funding. Early stage funding is also booming, especially in Europe and emerging markets. 433 fintech unicorns globally were created, with 193 born in 2021. More than 40% of all fintech unicorns have been created in 2021. SPACs and IPOs drove the majority of $490B in exit value, with poor performances for most companies post-IPO. Despite this, 2022 exits are expected to continue.
