- Europe recorded 41 FinTech seed deals in April and accounted for 27% of the global share, four percentage points higher than March levels. Overall, there were 152 FinTech seed deals globally in April, a 20% decrease from March. This was due to a large drop in seed funding rounds announced by North America. Venture Investment in Q1 2022 indicated a pullback from VCs, especially US VCs and this is likely to propagate to Europe in Q2 2022. This could be due to public tech valuations falling sharply in Q1 2022 which has prompted VCs to be cautious and revaluate their portfolios rather than investing.
- Zenith Chain, a P2P network offering quick, secure, scalable and affordable transactions, was the largest European seed funding round in April raising $35m in a round led by GEM Digital. Executive orders in the USA ensuring responsible development of digital assets signals the direction blockchain regulation is taking and companies such as Zenith Chain are likely to benefit as they are industry leaders in secure peer to peer digital asset transfer.
- The Blockchain & Crypto sector was the most dominant sector in April accounting for 29% of European seed deals, showing strong continued innovation and expected growth to come as these seed companies mature.
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. ©2022 FinTech Global
