Data from Invest Hong Kong's Start-up Profiling Survey shows private market startup business growth for the country; the number of startups in Hong Kong has increased from 1,558 in August 2015 to 1,926 in August 2016; fintech startups operating from co-working spaces and incubator/accelerator programs in Hong Kong have also increased significantly, growing from 86 in August 2015 to 138 in August 2016. Source
CB Insights has charted a market map of investment and wealth management companies; the market map includes 90 companies in seven main categories with subcategories for client group; for 2016, the firm reports a new high of 74 deals in wealth tech totaling $657 million; Betterment reported the top investment deal in 2016 with a $100 million Series E investment; in 2017 CB Insights reports 17 deals with $130 million in funding and the top investment going to Raisin with a $32 million Series C funding round. Source
CB Insights reports on the venture capital industries top investors in unicorn exits; Sequoia Capital ranks first on the list of investors investing in unicorn startups with private market exits during 2009 to March 2017; Sequoia Capital has invested in 18 companies with unicorn exits including fintech company Square Capital. Source
Currently the student loan debt market is at approximately $1.4 trillion; market share from government lenders has been on the rise under the Obama administration with federal student loans accounting for approximately 93% of the market versus 88% in 2008; in the Trump administration it is likely that private lenders will take a larger share as Republicans favor more financing options from private sector participants; since the November 8 election, shares of private lender Sallie Mae have increased 55%; marketplace lenders are also likely to take part in a market shift towards private student lending, specifically as their student loan offerings continue to expand. Source
PeerIQ has released its fourth quarter "Marketplace Lending Securitization Tracker" with details on the marketplace lending securitization market; the chart below shows the marketplace lending securitization issuance for the top 10 originators; SoFi leads the list with $6.85 billion in securitized loans, followed by Prosper and Avant. Source
The chart below is from PitchBook's fintech analyst report, "Part 3: Asset Management"; shows funds raised by companies offering robo advisor and digital wealth management services; according to PitchBook, institutional investment in fintech digital wealth management companies has been increasing since the financial crisis while millennial preferences have also increased demand. Source
CB Insights shares the total number of startup investments by (re)insurers since 2012; (re)insurers have taken an increased interest in investing in insurtech companies with an estimated 135 investments in 2016; some of the most recent insurtech deals spanning many verticals of insurance are shared below. Source
Consumer lenders Lending Club and Prosper are reporting growth in originations; for the second quarter Lending Club loan originations reached $2.1473 billion, increasing 10% from the previous quarter and the second quarter of 2016; Prosper originated $774.7 million worth of loans in the second quarter of 2017, an increase from $586 million in Q1 and $445 million in the second quarter of 2016; both companies had high Q1 2016 originations which has kept first half 2017 totals down in comparison to 2016. Source
In a November report released by Celent and FINavigator the chart below shows mobile app adoption by financial institutions; Credit Unions have historically had greater app adoption but since 2013 banks have closed the gap in half; overall, 86% of financial institutions with over $100 million in assets have a mobile app, while adoption for institutions below $100 million is 29%. Source
Oliver Wyman has published a report titled "Fintech In China: Hitting The Moving Target"; the report says when it comes to fintech, China could claim to be a world leader in some respects, in spite of an increasing number of voices questioning the health and legitimacy of the fintech business models; Oliver Wyman believes that technological advances, coupled with the unique circumstances of China's financial system, will propel fintech companies to further drive innovation and disrupt the traditional financial services space. Source