Drake Star published its Global Fintech Market Update today, providing a detailed outlook on key FinTech industry trends, as well as deal activity projections for 2023 including:
- Forecasts for a 15% increase in M&A and fundraising deal value in 2023
- FinTech’s boom and bust
- Major FinTech trends including Banking as a Service (BaaS) going mainstream
Notable acquisitions include:
- EQT acquisition of Billtrust
- Vista acquisition of Avalara
- Ares funding of Avant
- ServiceTitan Series H funding led by TPG
- Many others outlined in the report