European FinTech seed deals over the last 5 years surpassed 3,000 transactions
Key European FinTech seed investment stats in 2022:
• 679 European FinTech seed deals were raised in 2022, 11% down from 2021
• 3,212 FinTech seed deals were raised since 2018
• Blockchain & Crypto was the most active sector in terms of seed deal activity over the period, however in 2022 RegTech took the top spot
European FinTech companies have raised 3,212 seed deals in the past five years which accounts for 18% of all European seed deals during the period. European FinTech seed deal activity peaked in 2021 with 762 deals raised by FinTech companies. This fell in 2022 by 11% to 679 transactions from the previous year although this is still 16% higher than 2020 levels showing a continued upward trend. Overall deal activity has grown at a CAGR of 1.9% from 2018-2022. The average deal size has also grown from 2018 to 2022 at a CAGR of 13%.
Blockchain & Crypto was the most active European FinTech subsector with 510 deals raised from 2018 – 2022. RegTech was the most active European subsector in 2022 with 122 deals, an 18% share of total European seed deals. Blockchain & Crypto was the second most active with a 17% share and WealthTech was third with a 13% share in 2022.
The UK was the most active European FinTech country from 2018 – 2022 with 1,029 deals, a 32% share of total deals. The UK was also the most active FinTech country in 2022 with 184 deals, a 27% share of total deals in 2022. Notably this is 5 percentage points lower than the 2018 – 2022 figure showing other European countries are closing the gap to be the most innovative FinTech country in Europe. France was the second most active FinTech seed country in 2022 with a 13.4%share overtaking Germany which was second in 2021. Germany was the third most active seed country with a 10.4% share in 2022.
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