CyberTech sectors saw the most new FinTech unicorns in February

  • CyberTech companies account for 31% of new FinTech unicorns in February. The sector’s market size was valued at $167bn in 2020 and is projected to register a CAGR of 10.9% from 2021 to 2028. It is clear investors are keen to get involved in the space and are not holding back their chequebooks.
  • Chile and Italy join the list of countries with FinTech unicorns as Betterfly, a digital life insurance company, is valued at $1bn and Scalapay, a buy now pay later platform, is valued at $1bn.
  • G7 networks, a supply logistics company, tops the list in February with a huge $2.2bn valuation. G7 Pay is an internal payment structure within G7 network’s ecosystem allowing users on G7 to pay directly to each other with no fees.

The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2021 FinTech Global

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