Claudio Alvarez, Partner at GP Bullhound, commented: “While fundraising and M&A activities in fintech slowed slightly in Q1 versus the highs of 2021, the market remained very active, not least due to the completion of Block’s acquisition of Afterpay, and a few other large funding rounds. Several trends are driving fintech this quarter – Big Tech is joining challenger banks in disrupting the status quo of legacy banks; corporate card and spend management platforms are attracting unprecedented interest from SMBs, resulting in large investments from growth funds; and a new race to replicate the model of WeChat and Alipay to become ‘the SuperApp of the West’ is now on.”
For enquiries, please contact Claudio Alvarez, Partner, at [email protected]
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.