Industry Research

WealthTech companies raise half of the top 10 FinTech deals in the Nordics

Key Nordic FinTech investment stats in 2023: • Nordic FinTech companies raised a combined $414m in 2023, a 83% decline from 2022 • Nordic FinTech deal...

Nigeria retains top spot in Africa for early stage FinTech investment in 2023

Key African FinTech seed investment stats in 2023 • African FinTech seed deals totalled at 116 transactions in 2023, a 49% drop from 2022 • African...

Aggregate UK insurance app downloads increase 41% in 2023 YoY

Combined UK insurance app downloads totalled at 21.7m as of Jan 1st 2024, a 41% increase from the start of 2023. Combined downloads in...

Almost 9 in 10 investment firms are seeing performance gains from implementing WealthTech solutions

ThoughtLab conducted a comprehensive survey in September / October 2023 of 250 investment providers. These include broker-dealer/wire-houses, private banks, online trading platforms, wealth management...

The UK dominates European Lending Tech in 2023 with a 47% share of total...

Key Lending Tech investment stats in 2023: • European Lending Tech deal activity totalled at 43 transactions in 2023, a 45% decrease from 2022 • European...

UK remains the leading InsurTech hub in Europe as investment nearly halves in 2023

Key European InsurTech investment stats in 2023: • European InsurTech deal activity totalled at 126 deals in 2023, a 44% reduction from the previous year •...

Combined French banking app downloads increase 31% in 2023 YoY

Combined French banking app downloads reached a total of 73m downloads by the end of 2023, that’s 24% higher than Germany’s total banking app...

Singaporean FinTech deal activity sees 42% drop in 2023

Key Singaporean FinTech investment stats in 2023: • Singaporean FinTech deal activity totalled at 135 transactions in 2023, a 42% reduction from 2022 • Singaporean FinTech...

76% of financial institutions are either envisaging, or using AI/ML in 2024

A survey conducted by Norton Rose Fulbright across global financial services firms indicates that 76% of respondents are either currently using AI/ML or considering...

Spanish FinTech deal activity surpassed other European countries’ performance in 2023

Key Spanish FinTech investment stats in 2023 • Spanish FinTech deal activity totalled at 99 transactions in 2023, a 19% reduction from 2022 • Spanish FinTech...

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