The first three quarters of this year saw small deals valued under $50m surpass the investment in deals this size in the whole of 2016
- Despite a fall in total investment, the first three quarters of 2017 saw $57.4m invested in FinTech companies based in the Netherlands putting investments in small deals at a four year high.
- The largest deal closed so far went to Frontclear, a banking infrastructure company, which received $30m from FMO in February.
- Both total investments and the number of deals look set to fall in 2017. However, this decrease is accompanied by an increase in average deal size. In 2016 the Average deal size was $5.5m compared to a $6.2m average deal size in the first three quarters of this year.
FinTech Investments increased seven-fold in Q3 compared to the same quarter last year
- Q3 2017 saw investments in FinTech companies based in the Netherlands pick up, with four times the investment committed in Q2 2017. This increase was mostly due to one deal. Ohpen, a cloud-based core-banking engine, received $17.02m from Amerborgh in July.
- The number of deals closed doubled between Q2 and Q3 2017. This was partly due to the Startupbootcamp FinTech & CyberSecurity Amsterdam programme which announced two investments to FinTech companies based in The Netherlands in the quarter.
More than 60% of Dutch FinTech deals went to companies specialising in WealthTech, Payments & Remittances and Infrastructure & Enterprise Software
- The top three sectors for deal activity; WealthTech, Payments & Remittances, and Infrastructure & Enterprise Software, received 62.8% of deals since 2014.
- The WealthTech sector received the highest share of deals with almost 30%. The largest deal to the sector was a $18.7m deal to challenger bank, bunq closed in September 2015.
- A further quarter of deals went to companies specialising in the Funding Platforms, Marketplace Lending and Data & Analytics sectors.
The Top 10 investors participated in nearly 30% of all FinTech deals in the Netherlands since 2014
- Startupbootcamp was the most active investor in The Netherlands between 2014 and Q3 2017 closing 8.7% of all deals to companies based in the country.
- Eight of the top ten investors are based in the Netherlands with the remaining two; startupbootcamp and Initial Capital based in London.
- Accelerators lead the way for investors in the Netherlands with the top two most active investors falling into this category. They were followed by two Dutch funding platforms; Symbid and Leapfunder and six venture capital firms.
