Page 43 - FintechAtlas2019

# of active local fintechs
Cumulative funding 2008-2019
€125M
43
Size
Funding trends
4226+7+15+39++2+5+ 1+261+1++5+110++55 55%
€100M
6% 4%2% 10%1%1%1%5%1% 7% 10 8 4 5%
13 8 €75M
15% 26 40 22%
178 € 458M
26%
Technology Support
€50M €25M 0
69
39%
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Internet Initiatives Develompent Fund
Inventure Partners
Life.SREDA
QIWI
Da Vinci Capital
Prostor Capital
Vostok Emerging Finance
Sberbank
Finam Global
Flint Capital
Capital Markets Wealth Management
2014
Debt Series C
2015 2016
Seed/Angel Corp. Minority
2017 2018
Series A Unattributed
2019
Series B
Not specified
Top funding rounds 2019
Company Funding Date Funding (€)
Mandarin LLC 8/2019 1.6M
BitRussia 10/2019 1.4M
SWiP 12/2019 1.1M
AgentApp 10/2019 137.5K
Versal Broker 2/2019 34,1K
Investor
# of investment
12
8
7
5
4
4
3
3
3
3
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Russia. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
146.7
1,519
19,500
1.3
-4.9
RUB
Total bank assets 2019 (€ Bn) 1,393 Total bank assets (% of GDP) 88 Account ownership 2020 (% of population) 80 Debit card ownership 2020 (% of population) 61 Internet usage 2018/2019 (% of population) 81 Usage of internet to pay bills 2020 (% of population) 55 Sent/received digital payments 2020 (% of population) 80 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
11.3M
23.3M
3.7M 4.6M
3.8M 3.8M 5.4M
7.9M 2.8M 0.3M 2.3M
11.5M
5.7M 3.3M
4.1M 2.7M
4.2M 15.4M
3M
1.6M 0.1M
17.7M
24.1M 48.6M
4.3M
34K 2.5M
20M
103.3M
125.8M