Important disclosures appear at the back of this report
GP Bullhound LLP is authorized and regulated by the Financial Conduct Authority GP Bullhound Inc is a member of FINRA
Global Fintech Market Perspectives
H1 2019
2
Fintech perspectives – executive summary
▪ GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and
capital to category leaders with a focus on fintech globally
▪ We publish our inaugural fintech market report to provide quantitative insights into public and private market
valuations across the transaction spectrum and qualitative insights into company business models,
technology and customer trends
▪
Based in our London office, Claudio Alvarez heads up our Fintech practice which has completed over 20
transactions involving both Equity and Debt
▪ We also feature many of the leading Fintech investors, companies & CEOs across sectors which we find
interesting at the moment given the emergence of Open Banking, the importance of User Experience and
the prevalence of Alternative Lending
▪
Several of our recent Fintech advisory transactions and investments are showcased below
Sold to
Private Placement
Private Placement
Investment from
Investment from
Investment from
Private Placement
Investment from
3
Key sector takeaways
Recent Fintech transaction trends
1
2
3
4
6
Public market Fintech analysis
Fintech CEO & Investor commentary
Appendix A: Fintech trading comparables by
category
Appendix B: GP Bullhound Fintech credentials &
team
5
4
The emergence of Open Banking
1
Digital banks continue to shine in investors’ minds
3
Cloud-based core banking platforms look to take centre stage
4
Continued consolidation in the payments universe
2
GP Bullhound’s view on current trends in Fintech
5
– We have seen an extraordinarily strong consolidation trend in payments in
the last twelve months. Most notably the merger of Worldpay and FIS, the
acquisition of iZettle by PayPal and the acquisition of Six by Worldline.
Strategic rationales focus on complementary pr