• FinTech unicorns announcements continue to be scarce in December with no change in activity from November. Overall, there are 258 new unicorns across all industries this year and FinTech unicorns represented 32.5% with 84 in total. Although this is a major 55% drop compared to 2021 levels which saw 154 new FinTech unicorns. The share from FinTech companies saw almost no change from 2021 with a slight 0.4 percentage point increase in 2022.
• Younited, which provides Instant Credit for the e-economy, reached unicorn status after their latest Venture funding round which valued the company at $1.1bn. The new funding was obtained from key investors Eurazeo, Crédit Mutuel Arkéa, Goldman Sachs, and Bpifrance. Younited says it will use the money to continue the deployment of its “instant credit” and open banking solutions and to further develop its partnership activities with merchants and financial institutions in all the geographies it operates in.
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. ©2023 FinTech Global