Analysis

August 28, 2020

European fintechs have raised over $3bn since lockdown began, but where's that money gone?

Consumer apps and insurtechs have dominated fintech investment in recent months


Isabel Woodford

4 min read

Europe’s fintech startups have continued raising vast amounts of capital over the lockdown period, attracting around €2.86bn ($3.4bn) in investment between March and mid-August, according to Dealroom data.

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Investors have — for the most part — continued to back fintechs in the last few months, with a particularly strong performance in May.
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European fintech fundraising by sector 2020
Note: Consumer finance covers digital banking apps like N26, consumer credit-providers like Klarna, wallets like Curve, and money management tools like Fintonic. Meanwhile, the capital markets segment encompasses professional trading and market data firms.
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Source: PitchBook
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