Fintech Funding Hits Record High in 2018

Fintech funding reached $11bn in 2018, a 38 percent jump year over year; banking startups focused on customer data, trade digital currency and artificial intelligence for security and compliance purposes were some of the main drivers behind the jump; there were 184 deals worth over $100mn in 2018, including monster rounds for  Coinbase and Plaid; AI focused companies raised over $9bn, which was a 72 percent jump from 2017; “The reason why fintech is drawing all this attention is because it’s well defined what the rules of the game are,” said Ryan Gilbert, partner at Propel Venture Partners, to American Banker. “Customer acquisitions remains key and the technology has to be proven to make an impact.” Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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