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Retail Fintech Report

Q2 2024

Retail Fintech Report

August 23, 2024

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Large deals lead a resurgence in retail fintech 

VC investment in retail fintech rebounded in Q2, driven in part by large fundraising rounds. Deal value hit $4.5 billion, a 270.8% increase from the previous quarter.  

PitchBook’s latest Emerging Tech Research explores what is behind the sudden shift in investor enthusiasm for retail fintech, which has been lagging for several quarters. The numbers, while encouraging, may have more behind them as large rounds for lending and credit & banking startups dominated.  

Analyst Rudy Yang also highlights new opportunities in cross-border remittances, the transferring of money between people in different countries. What traditionally has been a costly, slow, and opaque process is being transformed by retail fintech startups with plenty of growth opportunities for investors.    


Table of contents
Vertical update 3
Q2 2024 timeline 6
Retail fintech landscape 7
Retail fintech VC ecosystem market map 8
VC activity 9
Innovation spotlight 20
       Cross-border remittances 21
Select company highlights 24
       NALA 25
       Code 27
Appendix 28