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There are 66 Fintech unicorns valued at $248B - Global VC-backed fintech companies with a private market valuation of $1B+ (as of 30 June 2020).

6/8/2020

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Download the CB Insights "Q2 2020 State of Fintech" release here

There are 66 #fintech unicorns valued at $248B. These are comprised of Global VC-backed fintech companies with a private market valuation of $1B+ as of 30 June 2020 according to CB Insights. 

Although there are several such unicorns identified in the UK, there are none identified in Ireland. Notwithstanding, Ireland must be close to having at least one or two in near future given the data being tracked by Fintech Ireland. 

Other interesting news in CB Insights report is, not surprisingly, that Big Tech firms, especially US TechFin, are investing heavily in payments products. And its not limited to just North American, European and Asian markets as Facebook and Google are eyeing tools to expand into emerging markets like Brazil and India.

Lots of other useful stuff in the Q2'20 State of Fintech release, such as:

* 17% fintech funding rebound Q2'20 with deal activity continuing to fall; and

* Asia the only continent without a dollar funding rebound in Q2'20 -- North America, Europe, South America, Africa, and Australia all saw increases. 

Download the CB Insights "Q2 2020 State of Fintech" release here
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