Member Exclusive, Online Lenders

Lending Briefing: The digital lending fintechs attracting capital in a down market

  • Funding is down across the fintech sectors compared to last year, with less capital going to big segments like payments, baking, and lending.
  • We are taking a look at some of the digital lending fintechs that still secured financing in this past quarter, in spite of the down market.
close

Email a Friend

Lending Briefing: The digital lending fintechs attracting capital in a down market

In a down market, who’s still attracting capital?

Fintech funding is down considerably – the numbers have started to come in, and they’re pretty bad. 

Globally, fintech startups raised $21.5 billion in Q2 2022, 32% less than a year ago according to Dealroom. They reported that the banking, insurtech, mortgages and lending sectors were the most affected, with funding at half of last year’s. 

Similar figures can be found at CB Insights, which revealed that fintech funding is at its lowest level since 2020 on a quarterly basis. Some of the most active fintech investors are more reserved this year, with top VC firms Sequoia and Tiger Global participating in 36% fewer investments in Q2 compared to the prior quarter.

 


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Lending Briefing: The digital lending fintechs attracting capital in a down market”

Member Exclusive, Online Lenders

Lending Briefing: SaaS SMB lending competition heats up as more fintechs enter the market

  • More fintechs are coming into the US market to offer banks solutions that digitize and streamline their SMB loan application and decisioning process.
  • As this segment of the market is drawing more interest, we sit down with Ranqx to delve into its strategy of scaling in the US market.
Iulia Ciutina | September 14, 2022
Online Lenders, Sponsored

Without the right data, your bank could be turning away qualified borrowers

  • Using alternative data provides a more holistic view of a consumer's creditworthiness.
  • Financial services expert Gary Harvey explains how FIs can achieve this using the right data sets.
Equifax | August 23, 2022
Member Exclusive, Online Lenders

Lending Briefing: Gen Z is expanding the credit market

  • The US credit card market continues to grow: the number of credit cards topped 500 million for the first time ever at the end of Q2 2022.
  • Younger generations are behind the increase, experts say, as more Gen Zers start their credit journeys.
Iulia Ciutina | August 17, 2022
Member Exclusive, Online Lenders

Lending Briefing: Big banks’ Q2 results and rising commercial loan volumes

  • Rising interest rates are a challenge for most financial market participants, but banks benefitted from this as lenders, helping to boost their Q2 bottom line.
  • Commercial loans grew by double-digits compared to last year, the strongest loan growth since the onset of the pandemic.
Iulia Ciutina | July 20, 2022
4 charts, Online Lenders

How changes in PPP affected funding for underserved SMBs, in 4 charts

  • Many small and medium sized businesses weren't able to access the first wave of the Paycheck Protection Program, and policymakers sought to solve this by making some changes to the program.
  • Looking at the different outcomes for 2020 and 2021, analysis by the Federal Reserve found that some tweaks were beneficial, although there is no way to know for certain.
Iulia Ciutina | July 12, 2022
More Articles