Nigeria FinTech Landscape - Impact Assessment

Global FinTech Landscape - Funding These investments have been concentrated in payments VC funding remains highly concentrated in payments... VC FinTech Deal value by category1 Total Funding Pools (USD bn)= and investors are increasing funding in late stage businesses VC FinTech Deal counts by stage³ Total Funding Pools (USD bn)= Average deal size 2019 $10bn $17bn $23bn $36bn Payments2 35% 34% 78 $9.3mn 14% Early stage 82 Retail banking 23.5% SME & corp. banking 19% 5.3% WM, capital markets 7.7% 6% FI Infrastructure 14% 12% Insurance 6.9% 6.5% Process 7.5% 8% Late stage Mature- 14 19 $20.7mn 4 4 $5.9mn 2017 2019 2017 2019 1.Based on a sample of 1500 players 2.Ant Financial's giga round excluded 3.Excludes Alipay's 2018 $14Bn funding. Early stage: Early VC, Seed, Series A / Late: Series B-E, Mature: series F-| and Late VC; Sum > 100% due to rounding error SOURCE: Dealroom, McKinsey FinTech EFINA 17

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