FinTech - US Annual Funding Report - 2024.pptx

US FinTech 2024, offering a comprehensive analysis of key trends, funding activities, and top-performing sectors that shaped the FinTech ecosystem in the US 2024. The report delivers detailed data and insights into the region's funding landscape and other developments. We believe this report will provide you with valuable insights to understand the evolving market dynamics.

1. TRACXN GEO ANNUAL REPORT FIN TECH - US - 2024

2. Snapshot Investments Investors Exits New Unicorns Citywise Trends News Funded Deadpooled Companies Appendix Contents

3. Snapshot Snapshot Investments Investors Exits New Unicorns Citywise Trends News Funded Deadpooled Companies Appendix Contents

4. The US Tech startup ecosystem witnessed $156B in 2024, which is a growth of 25.81% compared to $124B witnessed in 2023. The US government has implemented several initiatives to support startups, focusing on funding, mentorship, and reducing barriers to entrepreneurship. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs provide funding to small businesses to conduct R&D that has the potential for commercialization. The government has also set up multiple tax incentives like the Research and Development (R&D) Tax Credit and State tax credit designed to encourage innovation, job creation, and economic growth. The US FinTech segment is experiencing significant growth and transformation, driven by technological advancements, changing consumer behaviors, and a robust investment landscape. Tracxn Insights (1/7) ‹#›

5. Integration of AI into the FinTech industry is driving innovation by automating processes, enhancing security measures, personalizing customer interactions, and providing valuable insights. Blockchain technology is revolutionizing how financial services are delivered by enhancing transaction speed, reducing costs, improving security, and enabling innovative financial products. The US FinTech ecosystem raised a total of $26B in 2024, a growth of 12% and a drop of 30% compared to $23.2B and $37B raised in 2023 and 2022 respectively. The US FinTech ecosystem has remained the top-funded segment followed by the UK and India. Late-stage funding rounds raised $18B in 2024, a growth of 27% and a similar number compared to $14.2B and $18.1B raised in the year 2023 and 2022 respectively. Early-stage funding rounds raised $6.9B in 2024, a drop of 4% and 54% compared to $7.2B and $15B raised in 2023 and 2022 respectively. Tracxn Insights (2/7) ‹#›

6. Seed-stage funding rounds raised $1.2B in 2024, a drop of 33% and 70% compared to $1.8B and $4B raised in 2023 and 2022 respectively. The seed stage has witnessed the highest drop both in terms of funding and the number of funding rounds. H2 was the highest funded half of 2024, with a total funding of $17.3B, a growth of 97% and 120% was seen compared to $8.76B raised in H1 2024 and $7.86B raised in the same period in 2023. Q4 was the highest funded quarter of 2024, with a total funding of $14.5B across 222 rounds November was the highest funded month with a total funding of $11.4B raised across 60 funding rounds. Investment Tech, Payments, and Finance & Accounting were the top funded segments in the US FinTech segment in 2024. Tracxn Insights (3/7) ‹#›

7. The Investment Tech segment witnessed $3.85B in 2024, a growth of 8% compared to $3.57B raised in 2023. The Payments segment witnessed $3.12B in 2024, a drop of 64% compared to $8.76B in 2023 The Finance & Accounting Tech segment witnessed $2.84B in 2024, a growth of 6% compared to $2.67B raised in 2023. The US FinTech ecosystem has witnessed 35, $100M+ and 4, $500M+ funding rounds in 2024 Databricks, a cloud-based data science platform, raised $10B in its Series J funding round. This was the highest funded round in the US Fintech ecosystem increasing its valuation to $62B. Stripe, a provider of payment processing and card issuance solutions for businesses, raised $694M in its Series I funding round. This raises Stripe’s valuation to $70B. AlphaSense, an AI-powered market intelligence and search platform, raised $650M in a Series F funding round. Tracxn Insights (4/7) ‹#›

8. Lancium, a portfolio management software solutions for the renewable energy industry, raised $500M in a private equity round led by Blackstone. The US FinTech ecosystem witnessed 5 Unicorns in 2024, a slight growth compared to 4 Unicorns in 2023. Merkle Manufactory became a unicorn in March 2024 and was the first Unicorn of 2024 followed by Altruism, Sigma Computing, Sirion, and Aven. This space witnessed 254 acquisitions in 2024, a growth of 19% and a drop of 12% compared to 213 and 288 acquisitions in 2023 and 2022 respectively. Discover, a banking and card payment network for consumers and businesses, was acquired by Capital One at an acquisition price of $35.3B. Altair, a cloud and AI-based High Performance Computing solution provider was acquired by Siemens at an acquisition price of $10.6B. Tracxn Insights (5/7) ‹#›

9. Envestnet, a cloud-based solution for wealth management, was acquired by Bain Capital at an acquisition value of $4.5B. The US FinTech ecosystem saw only 2 IPOs in 2024 compared to 6 companies going public in 2023 Bitwise, a cryptocurrency index fund company went public on Jan 2024. Waystar, a cloud-based healthcare revenue cycle management solution, went public in June 2024. San Francisco led the US FinTech funding segment in 2024 with a total funding of $13.4B, followed by New York with $4.3B and Los Angeles with $938M. San Francisco and New York accounted for 69% of the total funds raised in the US FinTech ecosystem in 2024. Tracxn Insights (6/7) ‹#›

10. Y Combinator, Techstars, and a16z are the overall top Investors in the US FinTech sector Y Combinator, Techstars, and Plug and Play Tech Center are the top investors in seed stage rounds in 2024. General Catalyst, Lightspeed Venture Partners, and Bessemer Venture Partners are the top investors in early-stage rounds in 2024. NewView Capital, CapitalG, and Bond Capital were the top late-stage investors in 2024. Tracxn Insights (7/7) ‹#›

11. FinTech - US Snapshot - 2024 FinTech - US All time Stats Summary All Companies 42,648 Funded Companies 8,639 Total Funding $280B Funding in last 24 months $49.2B Cumulative Valuation of all Unicorns $221B Top Cities San Francisco ($76.7B) New York City ($50.4B) Exits Acquisitions 2,424 IPOs 247 Companies Covered Unicorns 160 Soonicorns 489 Minicorns 1,310 Editor’s Pick 4,571 Series A+ 2,604 Series C+ 529 Acqui-Hires 783 Deadpooled 10,474 Top Funding Rounds Company Round Details Databricks (2013, San Francisco) $10.0B - Series J Stripe (2009, San Francisco) $694M - Series I AlphaSense (2011, New York) $650M - Series F Lancium (2014, Houston) $500M - PE Bilt Rewards (2021, New York City) $348M - Series B Top Cities City $Funding San Francisco $13.4B New York City $4.3B Los Angeles $938M Houston $673M San Diego $356M ‹#› $ Funding Series A+ rounds Acquisitions # Funding rounds New additions to Soonicorn Club $26.0B (vs $23.2B, ▲12% ) 1104 (vs 1377, ▼19% ) 594 (vs 613, ▼3% ) First Time Funded Companies 432 (vs 684, ▼36% ) 76 (vs 144, ▼47% ) 254 (vs 213, ▲20% ) *Data from 01-Jan-2024 to 31-Dec-2024 is considered in report Note: Numbers in bracket indicate the values of 2023 New Unicorns 5 (vs 4, ▲25% ) 2 (vs 6, ▼66% ) IPOs Top Feeds Feed $Funding Investment Tech $3.8B Payments $3.1B Finance & Accounting Tech $2.8B Banking Tech $1.5B Alternative Lending $1.2B

12. Snapshot Investments Y -o-Y Funding Trends Investors Y -o-Y Stage-wise Funding Trends Exits Top Funding Rounds in last 1 year New Unicorns Top Funded Business Models 2024 Citywise Trends News Funded Deadpooled Companies Appendix Contents

13. Top Funding Rounds in last 8 years Company Funding Round Databricks (2013, San Francisco) $10.0B - Series J Stripe (2009, San Francisco) $6.9B - Series I Robinhood (2013, Menlo Park) $3.4B - Series H Databricks (2013, San Francisco) $1.6B - Series H Remitly (2011, Seattle) $1.3B - Series E Devoted Health (2017, Eagan) $1.1B - Series D Citadel Securities (2002, Miami) $1.1B - Series D Chime (2012, San Francisco) $1.1B - Series F Databricks (2013, San Francisco) $1.0B - Series G NYDIG (2017, New York City) $1.0B - Series E Y -o-Y Funding Trends ‹#› $ Funding (3y) CAGR = -11% $ Funding (5y) CAGR = +4% Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.

14. Y -o-Y Stage-wise Funding Trends ‹#› Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds. Stage-wise Number of Rounds Stage-wise $ Invested $22.7B $67.9B $37.0B $23.2B $21.5B $26.0B 1223 2018 1948 1377 1201 1104 Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds

15. Top Funding Rounds in last 1 year (1/2) ‹#› Company $ Amount Round Date Investors Databricks (2013, San Francisco, $14.67B) $10.0B Series J Nov 2024 Wellington, Fidelity Investments, GIC, +13 more Stripe (2009, San Francisco, $9.81B) $694M Series I Apr 2024 - AlphaSense (2011, New York, $1.39B) $650M Series F Jun 2024 J P Morgan, CapitalG, Viking Global Investors, +4 more Lancium (2014, Houston, $650M) $500M PE Nov 2024 Blackstone Bilt Rewards (2021, New York City, $558M) $348M Series B Jan 2024 Prosus, General Catalyst, Eldridge Industries, +2 more Zinnia (2005, Topeka, $300M) $300M PE Oct 2024 Vista Equity Partners Splitero (2021, San Diego, $318M) $300M Series B Oct 2024 Antarctica Capital Human Interest.. (2015, San Francisco, $664M) $267M Series E Mar 2024 Baillie Gifford, Marshall Wace Sigma Computing.. (2014, San Francisco, $652M) $254M Series D Apr 2024 Sutter Hill Ventures, Altimeter Capital, NewView Cap.., +5 more FLYR (2020, Santa Monica, $380M) $225M Series D Aug 2024 BlackRock, ADIA, Streamlined Ventures, +1 more Earned Wealth.. (2021, New York City, $212M) $200M Series B Jul 2024 Summit Partners, Breyer Capital, Silversmith, +2 more Focus (2014, Los Altos, $200M) $200M Series D Feb 2024 Sequoia Capital, a16z, Coinbase, +1 more

16. Top Funding Rounds in last 1 year (2/2) ‹#› Company $ Amount Round Date Investors Zest AI (2009, Los Angeles, $319M) $200M Series D Dec 2024 Insight Partners Current (2015, New York City, $588M) $200M Series D Dec 2024 Wellington, General Catalyst, a16z, +2 more Zip (2020, San Francisco, $333M) $190M Series D Oct 2024 Adams Street Partners, CRV, DST Global, +3 more Altruist (2018, Los Angeles, $450M) $169M Series E May 2024 Adams Street Partners, Sound Ventures, ICONIQ Growth Sidecar Health.. (2018, El Segundo, $328M) $165M Series D Jun 2024 Menlo Ventures, Bond Capital, Drive Capital, +5 more Lumin Digital.. (2016, San Ramon, $216M) $162M Series D Nov 2024 Partners Group, NewView Capital, Light Street Capital Ramp (2019, New York City, $1.41B) $156M Series D Apr 2024 Greylock, Sequoia Capital, Thrive Capital, +10 more Melio (2018, New York City, $638M) $150M Series E Nov 2024 Bessemer Venture Partners, Thrive Capital, Accel, +7 more Farcaster (2020, Los Angeles, $180M) $150M Series A May 2024 Union Square Ventures, Paradigm, Variant Fund, +3 more Aven (2019, Burlingame, $142M) $142M Series D Jul 2024 Khosla Ventures, Founders Fund, General Catalyst, +3 more Merkle Manufact.. (2021, Los Angeles, $170M) $139M Series D Mar 2024 Paradigm TXSE (2023, Houston, $161M) $133M Series D Mar 2024 - Full list of 1,104 Key Funding Rounds is available on Tracxn Platform

17. Top Funded Business Models 2024 ‹#› Rank Business Model $ Funding # Rounds Top Funding Round 1 <> 0 Online Business Payments $999M 21 Stripe $694M - Series I 2 ▲8 Company Filings Data Platform $650M 2 AlphaSense $650M - Series F 3 -- Digital Asset Fractionalization Platforms $595M 8 Lancium $500M - PE 4 ▼2 Financial Analytics Software $471M 20 FLYR $225M - Series D 5 ▲7 Wealth Managers $405M 27 Earned Wealth $200M - Series B 6 ▼1 Crypto-based Financial Services $397M 31 Farcaster $150M - Series A 7 -- Payroll Management $367M 16 DailyPay $75.0M - Series D 8 -- Rental Bill Payments $349M 2 Bilt Rewards $348M - Series B 9 -- Mass Payout Solutions $302M 9 Melio $150M - Series E 10 -- Insurance Product Development $301M 2 Zinnia $300M - PE * Rank is based on $Invested in last 1 quarter in the Business Model. ▲- Indicates change in Rank from previous quarter.

18. Snapshot Investments Investors Y -o-Y Investors Exits Y -o-Y International Investors New Unicorns Most Active Investors Citywise Trends News Funded Deadpooled Companies Appendix Contents

19. Y -o-Y Investors ‹#› Top Institutional Investors in 2024 Stage Investor name # Investments in 2024 Seed Stage Y Combinator 67 (▲5%) Techstars 37 (▼46%) Plug and Play Tech Center 12 (▲500%) Early Stage General Catalyst 9 (▲50%) Lightspeed Venture Partners 8 (▲300%) Bessemer Venture Partners 8 (▲300%) Late Stage NewView Capital 3 ( -- ) CapitalG 2 ( <> 0% ) Bond Capital 2 (▲100%) Existing Investors First-time Investors Y-o-Y # of unique Institutional Investors in FinTech - US Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change from 2023. # First Time Investors (4Y) CAGR = -7% # First Time Investors (2Y) CAGR = -39%

20. Y-o-Y International Investors ‹#› Top International Institutional Investors in 2024 Stage Investor name # Investments in 2024 Seed Stage Blockchain Founders Fund 4 (▲300%) Foresight Ventures 4 (▲100%) NGC 4 (▼33%) Early Stage Viola Group 5 (▲67%) Index Ventures 4 ( -- ) Viola FinTech ( -- ) Late Stage SoftBank Vision Fund 1 ( -- ) EDBI 1 ( -- ) DST Global 1 ( -- ) International Investors Y-o-Y # of unique Institutional Investors in FinTech - US Note: International Investors are the investors who are based outside of the Geo mentioned in the report. 1.The numbers in bracket correspond to the change from 2023.

21. Most Active Investors: Accelerators & Incubators ‹#› # Investor Name Country # Overall investments # Investments in Geo* - 2024 Notable Investments in Geo* 1 Y Combinator United States 4931 67 Stripe ($9.8B), Human Interest ($664M), Zip ($333M) 2 Techstars United States 4634 37 Ramp ($1.4B), Chapter ($109M), Indico Data ($55.0M) 3 Plug and Play Tech Center United States 1593 12 Finix ($208M), Finally ($72.8M), Ansel ($70.7M) 4 RevTech Labs United States 144 5 Beam ($18.2M), Streetbeat ($10.0M), ForwardLane ($7.0M) 5 Borderless Capital United States 185 4 Securitize ($122M), IoTeX ($50.0M), Centrifuge ($27.1M) 6 Blockchain Founders Fund Singapore 134 4 Sigo Insurance ($22.7M), Aperture ($12.0M), Zoth ($6.5M) 7 Foresight Ventures China 86 4 Aptos ($350M), IoTeX ($50.0M), Lens ($46.0M) 8 Spartan Group Singapore 163 4 Centrifuge ($27.1M), Payman AI ($13.8M), Planet Mojo ($5.0M) 9 Bloccelerate United States 21 4 Centrifuge ($27.1M), Pi Squared ($12.5M), Ava Protocol ($10.0M) 10 FirstMark United States 200 3 EvolutionIQ ($58.5M), Lago ($34.3M), Authentic Insurance ($29.0M) Note: *Geo = FinTech - US . The number in bracket refers to the total funding raised by the company.

22. Most Active Investors: VC - Seed ‹#› # Investor Name Country # Overall investments # Investments in Geo* - 2024 Notable Investments in Geo* 1 Precursor Ventures United States 315 7 Finix ($208M), Kudos ($37.2M), Flow Finance ($9.0M) 2 Alumni Ventures United States 1140 5 Human Interest ($664M), Teamshares ($245M), Beam ($239M) 3 Gaingels United States 941 5 Databricks ($14.7B), Capchase ($495M), Branch ($281M) 4 Robot Ventures United States 147 5 EigenLayer ($171M), Polymarket ($156M), Huma Finance ($46.3M) 5 Castle Island Ventures United States 64 5 Yellow Card Financial ($89.5M), Felix ($29.8M), Fordefi ($28.0M) 6 Liquid 2 Ventures United States 261 5 Fondo ($8.3M), Aligned Marketplace ($8.0M), Greenboard ($4.5M) 7 NGC China 304 4 IoTeX ($50.0M), Nibiru Chain ($20.5M), Dora Factory ($10.0M) 8 Foundation Capital United States 380 4 Databricks ($14.7B), Stripe ($9.8B), Current ($588M) 9 Clocktower Technology Ventures United States 164 4 Melio ($638M), Cardless ($90.1M), Tilled ($44.2M) 10 Electric Capital United States 89 4 EigenLayer ($171M), Aven ($142M), Bitnomial ($46.9M) Note: *Geo = FinTech - US . The number in bracket refers to the total funding raised by the company.

23. Most Active Investors: VC - Early Stage ‹#› # Investor Name Country # Overall investments # Investments in Geo* - 2024 Notable Investments in Geo* 1 General Catalyst United States 737 9 Stripe ($9.8B), Devoted Health ($2.3B), Ramp ($1.4B) 2 Lightspeed Venture Partners United States 861 8 Stripe ($9.8B), Zest AI ($319M), Finix ($208M) 3 Bessemer Venture Partners United States 811 8 Melio ($638M), Wrapbook ($151M), Aiwyn ($127M) 4 QED Investors United States 216 5 Mission Lane ($607M), Current ($588M), Capchase ($495M) 5 Khosla Ventures United States 643 5 Stripe ($9.8B), Ramp ($1.4B), Teamshares ($245M) 6 Commerce Ventures United States 122 5 Kin ($372M), Moov ($137M), Amino ($111M) 7 Curql United States 25 5 Zest AI ($319M), Amount ($252M), PatientFi ($99.4M) 8 Viola Group Israel 173 5 Cowbell Cyber ($209M), Inshur ($78.5M), Alviere ($75.0M) 9 Greycroft United States 448 4 Clearcover ($406M), Public ($405M), Branch ($281M) 10 Accel United States 1096 4 Melio ($638M), Public ($405M), Amino ($111M) Note: *Geo = FinTech - US . The number in bracket refers to the total funding raised by the company.

24. Most Active Investors: VC - Late Stage ‹#› # Investor Name Country # Overall investments # Investments in Geo* - 2024 Notable Investments in Geo* 1 NewView Capital United States 51 3 Human Interest ($664M), Sigma Computing ($652M), Lumin Digital ($216M) 2 CapitalG United States 78 2 Databricks ($14.7B), Stripe ($9.8B), AlphaSense ($1.4B) 3 Bond Capital United States 117 2 Stripe ($9.8B), AlphaSense ($1.4B), Zip ($333M) 4 ICONIQ Growth United States 31 2 Altruist ($450M), FloQast ($292M), Savvy Wealth ($44.8M) 5 Alkeon Capital Management United States 47 2 Databricks ($14.7B), AlphaSense ($1.4B), Zip ($333M) 6 SoftBank Vision Fund United Kingdom 331 1 Devoted Health ($2.3B), AlphaSense ($1.4B), Human Interest ($664M) 7 Sapphire Ventures United States 205 1 Current ($588M), FloQast ($292M), TaxBit ($237M) 8 EDBI Singapore 218 1 AlphaSense ($1.4B), Arta Finance ($90.0M) 9 DST Global United Kingdom 186 1 Stripe ($9.8B), Zip ($333M) 10 Notable Capital United States 116 1 Parafin ($190M), Aven ($142M) Note: *Geo = FinTech - US . The number in bracket refers to the total funding raised by the company.

25. Most Active Investors: PE ‹#› # Investor Name Country # Overall investments # Investments in Geo* - 2024 Notable Investments in Geo* 1 Reseda Group United States 22 6 Ascent Platform ($5.3M), Debbie ($4.9M), Members Mobile 2 Sorenson Capital United States 111 3 Moov ($137M), Bureau ($50.7M), Green Cabbage ($20.0M) 3 Aquiline Capital Partners United States 80 3 Flueid ($39.1M), Carbon Insurance ($17.0M), Togetherwork ($12.3M) 4 Summit Partners United States 377 3 Earned Wealth ($212M), Fundraise Up ($82.0M), Netgain Solutions ($35.0M) 5 Norwest Venture Partners United States 562 2 FloQast ($292M), Elevate ($60.0M), Citcon ($49.8M) 6 KKR United States 510 2 Zinnia ($300M), Aiwyn ($127M), Sedgwick ($2.6M) 7 GIC Singapore 261 2 Databricks ($14.7B), Stripe ($9.8B), Devoted Health ($2.3B) 8 TA United States 337 2 Plusgrade ($151M), Benecon, AffiniPay 9 Adams Street Partners China 208 2 Altruist ($450M), Zip ($333M), Integral ($41.0M) 10 General Atlantic United States 390 2 Amount ($252M), Plusgrade ($151M), Bold.co ($130M) Note: *Geo = FinTech - US . The number in bracket refers to the total funding raised by the company.

26. Snapshot Investments Investors Exits Exit Snapshot New Unicorns List of IPOs Citywise Trends List of Acquisitions News Most Active Acquirers Funded Deadpooled Companies Appendix Contents

27. IPO Waystar (2000, Duluth) $3.6B Bitwise (2017, San Francisco, $91.2M) - Exit Snapshot - 2024 ‹#› IPOs - 2024 (vs 2023) Acquisitions - 2024 (vs 2023) 6.2 (vs -) Avg. yrs from first funding to IPO 6.4 (vs 6.7) Avg. yrs from first funding to Acq. $91.2M (vs -) Avg. Funding raised before IPO $30.6M (vs $53.6M) Avg. Funding raised before Acq. $3.6B (vs -) Avg. IPO Mcap $2.5B (vs $2.6B) Avg. Acq. Price 2 (vs 6) # IPOs 254 (vs 213) # Acquisitions Investor # Exits Notable Exit Macquarie Group 4 Moneylion Gaingels 4 Petal Techstars 4 Circa Robot Ventures 4 Bitski Alumni Ventures 3 Airbase Bain Capital Private Equity 2 Waystar Top Investors by # Exits - 2024 Y -o-Y Exit Trends # Acquisitions Acq. Discover (1985, Riverwoods) $35.3B Altair (1985, Troy, $35.1M) $10.6B Envestnet (1999, Berwyn) $4.5B Top Exits - 2024 Type Company Acq. Price/ IPO Mcap # IPOs

28. List of IPOs - 2024 ‹#› Company Investors IPO Date IPO Mcap Waystar (2000, Duluth) Francisco Partners, +3 more Jun 2024 $3.6B Bitwise (2017, San Francisco, $91M) Fifth Era, Electric Cap.., +20 more Jan 2024 -

29. List of Acquisitions - 2024 ‹#› Company Acquirer(s) Acq. Date Acq. Price Discover (1985, Riverwoods) Capital One Feb 2024 $35.3B Altair (1985, Troy, $35M) Siemens Oct 2024 $10.6B Envestnet (1999, Berwyn) Bain Capital Jul 2024 $4.5B AuditBoard (2014, Cerritos, $44M) Hg May 2024 $3.0B Zuora (2007, Redwood City, $243M) GIC, Silver Lake Oct 2024 $1.7B Moneylion (2013, Sandy, $268M) Gen Dec 2024 $1.0B Tegus (2017, Chicago, $111M) AlphaSense Jun 2024 $930M Institutional Cash Distributors (2003, San Francisco, $500K) Tradeweb Apr 2024 $785M Kuvare (2014, Chicago) Blue Owl Apr 2024 $750M EvolutionIQ (2019, New York City, $58M) CCC Dec 2024 $730M View all 254 companies on Tracxn Platform

30. # Acquirer Country # Acq. Average Acq. Price Companies Acquired 1 Hg United Kingdom 2 $1.5B AuditBoard ($3.0B) , Ncontracts 2 PDI Technologies United States 2 - Comdata, Corporate Payroll Services 3 Moody's United States 2 - Numerated, Praedicat 4 Mercer Advisors United States 2 - Benchmark Wealth Management, Chapel & Collins, LLC 5 iCapital United States 2 - Mirador, AltExchange 6 KKR United States 2 - Avantus, SunFire 7 New Mountain Capital United States 2 - 3E, Rawlings Group 8 Apex Fintech Solutions United States 2 - FinTron, AdvisorArch 9 Talos United States 2 - Cloudwall, Skolem 10 Capital One United States 1 $35.3B Discover ($35.3B) Most Active Acquirers ‹#› Note: Numbers in bracket indicate the Acquisition Price of the company.

31. Snapshot Investments Investors Exits New Unicorns Unicorn Trends Citywise Trends List of New Unicorns News List of New Soonicorns Funded Deadpooled Companies Appendix Contents

32. Unicorn Trends in 2024 ‹#› Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round. FinTech - US - 2024 (vs 2023) Global FinTech - 2024 (vs 2023) Top Early Stage Investors Venrock Peak XV Partners Canopy Endeavor Insight Partners Top Late Stage Investors Adams Street Partners Avatar Growth Capital Insight Partners Tiger Global Management Brookfield Asset Management Top Cities Los Angeles (2) Burlingame (1) Lehi (1) San Francisco (1) 5 (vs 4) # Total Unicorns 18 (vs 16) # Total Unicorns 8.2 (vs 6) Avg Years from Series A to Unicorn Round 4.6 (vs 4.6) Avg Years from Series A to Unicorn Round $326M (vs $293M) Avg $ Funding before Unicorn Round $206M (vs $285M) Avg $ Funding before Unicorn Round 4.3 (vs 6.7) Avg # Funding Rounds before Unicorn Round 3.9 (vs 4.4) Avg # Funding Rounds before Unicorn Round 9.3 (vs 18) Avg Institutional Investors before Unicorn Round 8.2 (vs 14.5) Avg Institutional Investors before Unicorn Round + 2 more + 14 more

33. List of New Unicorns Company Short Description Unicorn Event Date Time from Series A (yrs) 1 $ Funding b efore Unicorn Round 2 # Rounds 2 # Investors 2 Aven (2019, Burlingame, $142M) Credit cards backed by home equity for consumers Jul 2024 - - Sirion (2012, Lehi, $171M) AI powered legal contract management software Jun 2024 10.1 $171M 5 7 Sigma Computing (2014, San Francisco, $652M) Cloud based platform offering a suite of solutions May 2024 10.1 $652M 5 9 Altruist (2018, Los Angeles, $450M) Portfolio management software for financial advisors May 2024 4.4 $450M 6 9 Merkle Manufactory (2021, Los Angeles, $169M) Developer of app studio for social platforms Mar 2024 - $30M 1 12 ‹#› 1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round Full List of 5 unicorn is available on Tracxn Platform

34. Soonicorn Club - List of New Soonicorns ‹#› Company Tracxn Score Lumeris (2001, Maryland .., $241M) 68.4 Relay (2018, New York .., $51.6M) 68.3 Coast (2020, New York .., $77.0M) 58.4 OnPay (2011, Atlanta, $128M) 57.6 The Beneficient Co.. (2003, Dallas, $107M) 57.5 Ansel (2019, New York .., $70.7M) 57.4 Pactum (2001, Mountain .., $55.0M) 57.2 Canoe (2013, New York .., $72.8M) 56.5 Solutions by Text (2004, Dallas, $145M) 53.4 Soda Health (2018, $94.2M) 52.5 Company Tracxn Score Finally (2018, Miami, $72.8M) 52.0 Ledgebrook (2021, Boston, $49.8M) 51.9 Focus (2014, Los Altos, $200M) 46.2 Inshur (2016, New York, $78.5M) 39.9 Note: A Soonicorn is a company which is likely to achieve US $1 billion valuation in the short to medium term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.

35. Snapshot Investments Investors Exits New Unicorns Citywise Trends Cities by Total Funding News Cities by Funding raised in last 2 years Funded Deadpooled Companies Cities by Companies Founded in last 2 years Appendix Contents

36. ‹#› Citywise Trends - Total Funding Distribution by Cities - Total Funding ($) Databricks ($10.0B) Stripe ($694M) Human Inte.. ($267M) Bilt Rewar.. ($348M) Earned Wea.. ($200M) Current ($200M) Gradient ($56.1M) Ledgebrook ($41.0M) CODAMETRIX ($40.0M) Zest AI ($200M) Altruist ($169M) Farcaster ($150M) Clearcover ($99.0M) Amount ($30.0M) Bitnomial ($27.8M) Splitero ($300M) Givebutter ($50.0M) Ink Financ.. ($5.0M) Lancium ($500M) TXSE ($161M) Iownit ($11.5M) Zinnia ($300M) Top Companies funded in 2024 # Rounds San Francisco New York City Boston Los Angeles Chicago San Diego Houston Topeka 166 220 29 52 25 5 6 1 All time Funding 2024 Funding

37. Citywise Trends - Funding raised in last 2y ‹#› Funding raised in 2 Yrs (Market Share %) Rank City 2024 2023 Top Funded Companies in 2024 # % # % 1 San Francisco $13.4B 52 % $10.0B 47 % Databricks ($10.0B) Stripe ($694M) Parafin ($318M) 2 New York City $4.3B 17 % $3.3B 16 % Bilt Rewar.. ($348M) Earned Wea.. ($200M) Current ($200M) 3 Los Angeles $938M 4 % $455M 2 % Zest AI ($200M) Altruist ($169M) Farcaster ($150M) 4 Houston $673M 3 % $136M 1 % Lancium ($500M) TXSE ($161M) Iownit ($11.5M) 5 San Diego $355M 1 % $78M 0 % Splitero ($300M) Givebutter ($50.0M) Ink Financ.. ($5.0M) 6 Boston $325M 1 % $399M 2 % Gradient ($56.1M) Ledgebrook ($41.0M) CODAMETRIX ($40.0M) 7 Chicago $301M 1 % $251M 1 % Clearcover ($99.0M) Amount ($30.0M) Bitnomial ($27.8M) 8 Topeka $300M 1 % - - Zinnia ($300M) 9 Santa Monica $272M 1 % $8M 0 % FLYR ($295M) Agora ($34.0M) Flow Finan.. ($9.0M) 10 Dallas $267M 1 % $106M 1 % Yendo ($165M) Solutions .. ($110M) The Benefi.. ($69.1M)

38. Citywise Trends - Companies Founded in last 2y ‹#› Companies Founded in 2 Yrs (Market Share %) Rank City 2024 2023 Companies Founded in 2024 1 San Francisco 7 % 8 % Aidatify ($25.8M) Thoras ($6.5M) Mili ($2.0M) PostSig ($1.2M) 2 New York City 14 % 13 % ClaimSorted ($3.5M) AgentSmyth ($2.5M) Glacis ($2.0M) Adro ($1.5M) 3 Los Angeles 3 % 3 % OVAX Member ($10.0M) xRare - Avrex - ANGRYSLERF - 4 Houston 1 % 1 % Metabitoptio... - XGlobal Capi... - Apiria Finan... - vulcanbinary - 5 San Diego 1 % 0 % Modus ($500K) Mytradeprofi... - Lychee - WEALTH-POINT... - 6 Boston 1 % 1 % Nimblr - EnFi - M2 Finance - Payments Fix... - 7 Chicago 1 % 1 % Elmts ($268K) Funded Equit... - TrueScope Ve... - Pronto Payme... - 8 Santa Monica 0 % 0 % Stratgem-AI - 1-ClickTrade - - - - - 9 Dallas 1 % 0 % Usecorn ($6.7M) Experttradin... - Westland - Quantum AI T... - 10 Los Altos 0 % 0 % Lotus Fintec... - - - - - - -

39. Snapshot Investments Investors Exits New Unicorns Citywise Trends News Recent Key News Funded Deadpooled Companies Appendix Contents

40. Recent Key News (1/3) ‹#› Transactions BMW i Ventures Announces Investment in Phoenix Tailings to Expand & Stabilize the Processing of Rare .. WebWire Bunker Hill Announces Closing of Fifth Tranche of the Silver Loan Facility GlobeNewswire Waystar Amends its First Lien Credit Agreement with Lenders ABL Advisor FlexShopper CEO acquires shares worth $43,500 By Investing.com Investing Databricks hits $62B valuation after $10B funding round MobiHealthNews Hercules AI secures €26.8 million in Series B and bets on Europe with new office in Lisbon El Referente Principal Financial Group Inc. Acquires 2,390,337 Shares of Blend Labs, Inc. (NYSE:BLND) MarketBeat Crypto Price Today: Bitcoin Trades at $92,000, Most Altcoins See Losses on Last Day of 2024 Gadgets 360 Bench Accounting to be acquired by Employer.com following abrupt shutdown GeekWire Stablecoin aggregation sales infrastructure AlloyX completes $10 million Pre-A round of financing, .. tuoluo.cn Company Updates Corelogic to expand into 18,000 square feet of space in Irving Texas. intelligence360 Tether adds $700m Bitcoin to reserve address CryptoX Grayscale Expands Q1 2025 Watchlist with AI and DeFi Tokens CryptoMode CIGNA announces billion-dollar takeover aktiencheck.de Moody’s adjusts global P&C insurance outlook to stable Reinsurance News Lighthouse Recovery in Dallas Now Accepting Cigna Insurance for Addiction and Mental Health Treat.. PR Newswire GivBux, Inc. President Umesh Tim Singh Reviews 2024 Growth Milestones and Outlines 2025 Strateg.. GlobeNewswire Geode Capital Management LLC Acquires 56,114 Shares of EverQuote, Inc. (NASDAQ:EVER) MarketBeat Tesonet's Cio Eglė Eidimtaitė Joins PayPal's Customer Advisory Board Global FinTech Series NYDIG explores float financing for Bitcoin-backed lending market CryptoSlate

41. Recent Key News (2/3) ‹#› Legal Faruqi & Faruqi, LLP Encourages Investors of Visa to Contact Us to Have Their Losses Evaluated Today Benzinga Faruqi & Faruqi, LLP Encourages Investors of Marqeta to Contact Us to Have Their Losses Evaluated To.. Benzinga Bronstein, Gewirtz & Grossman LLC Announces that Marqeta, Inc. Investors with Substantial Losses Hav.. Benzinga V Investors Have Opportunity to Lead Visa Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm PR Newswire ROSEN, A LEADING LAW FIRM, Encourages Marqeta, Inc. Investors to Secure Counsel Before Important Dea.. Benzinga FinTech Dave Says DOJ Lawsuit Is ‘Government Overreach’ PYMNTS.com DOJ Takes Over Case Against Dave, Adds CEO as a Defendant PYMNTS.com Kirby McInerney LLP Announces Investigation Against Sezzle Inc. on Behalf of Investors GlobeNewswire Tether’s Bitcoin Holdings Reach $7.68 Billion as Stablecoin Issuer Resumes Cryptocurrency Accumul.. CryptoGlobe MQ Investor Alert: Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class A.. NewMediaWire Partnerships Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extende.. GlobeNewswire Floki Partners with Kings World Cup Nations to Reach 600+ Million Video Views FinSMEs Strongpoint Partners Announces Partnership with Cash Balance Actuaries PRWeb FlexShopper partners with fintech to expand services to new franchisees Seeking Alpha Nest Partners with Dinari to Deliver Real World Yield Through First Tokenized Blackstone ETF on P.. PR Newswire Gentari and MasterCard Partner on Electric Vehicle Adoption Program EqualOcean Emirates Health Services and SAS Shaping the Future of UAE Healthcare Channel Post Middle East & Africa Blackhawk Network and Snapchat Partner to Offer Snapchat+ Gift Cards Business Wire Powering Seamless Investments with $ZETRIX Integration bitcoinethereumnews.com Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto GlobeNewswire

42. Recent Key News (3/3) ‹#› People Movement AppTech Payments CEO resigns, CFO exits Seeking Alpha Hiscox names Frank Lamantia as Chief Technology Officer, US Reinsurance News 365 Retail Markets Strengthens Leadership Team with Key Hires PR Newswire Lilium ceases operations before delivering a single electric air taxi NewAtlas Pagaya Announces Appointment of Two Fintech Veterans as Independent Directors to its Board Business Wire EML Payments sacks new CEO after less than six months in the role businessnewsaustralia.com Aptos Labs CEO Mo Shaikh Quits; Avery Ching to Take His Place CoinDesk MAPTYCS names Daniel Grimwood-Bird as Chief Revenue Officer Reinsurance News FiscalNote Announces Update to Board of Directors Business Wire Republic Welcomes James Newman as General Partner - Fund Manager & VP of Operations Business Wire Other MoonPay approved under MiCA to operate in the EU CryptoSlate Bloomberg Wins Fourth Award in 2024 for its Evaluated Pricing Service, BVAL WebWire CURE Auto Insurance Named 2024 Business of the Year by NJBIZ PR Newswire Clear Street Wins Top Technology &amp; Client Service Awards at 2024 Global Custodian Industry .. Business Wire HawkSoft Named an Oregon Top Workplace for 10th Consecutive Year PR Newswire MoonPay gains licence for money transmission services in Texas Electronic Payments International TiiCKER® Named Best Shareholder Engagement Platform at 2024 Benzinga Global Fintech Awards GlobeNewswire FlexShopper Announces Record Initial Holiday Season Results GlobeNewswire Trading Technologies achieves high spot in Chartis Buyside Platforms 2024 Rankings PR Newswire ZestyAI Receives Regulatory Approval From Iowa Insurance Division Insurance Journal

43. Snapshot Investments Investors Exits New Unicorns Citywise Trends News Funded Deadpooled Companies Funded Deadpooled Companies Appendix Contents

44. Funded Deadpooled Companies ‹#› Company $ Funding AutoCloud (2019, Chicago) $4.0M 9th Gear (2018, Palo Alto) $2.3M Komon (2022, Wilmington) $2.0M Emigre (2021, Sunnyvale) $125K Hyperseed (2020, San Francisco) $125K NestedFunds (2021, Austin) $20.0K ADEx (2019, Berkeley) $20.0K Interlock (2022, San Francisco) - Tacen (2019, Cheyenne) - Personafi (2019, Tempe) - Company $ Funding Kepler Savings (2021, Marysville) -

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46. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies UAE Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Israel Tech Companies Investment Activity Company Detail Page of DoorDash Competitors of Freshworks Cap Table for Wise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report India Tech - Top Business Models Report ‹#› Key News in FinTech Angel Investors in United States Bluebox Miscellaneous

47. Explore other Reports on Tracxn Novel Foods Blockchain Network P2P Remittance Business Model Reports FinTech Europe Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA Geo Monthly Reports Fintech - SEA Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech ‹#› Explore other Reports on Tracxn Novel Foods Blockchain Network Business Model Reports FinTech Europe Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Wise Coursera BigBasket Feed Reports Top Business Models in PA Geo Monthly Reports Fintech - SEA Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech ‹#› HRTech Cybersecurity Food Tech FinTech Enterprise Applications Artificial Intelligence

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