PitchBook：2026年第一季度金融科技风险投资趋势报告（英文版）（16页）.pdf

1、EMERGING TECH RESEARCHFintech VC TrendsVC activity across the fintech ecosystem Q12026REPORT PREVIEWThe full report is available through the PitchBook Platform.CONFIDENTIAL.NOT FOR REDISTRIBUTION.Q1 2026 FINTECH VC TRENDS2ContentsInstitutional Research GroupRudy Yang Senior Research Analyst,Enterpri

2、se Fintech and Retail Fintech Caleb Wilkins Data APublished on April 24,2026Fintech landscape 3Quarterly analysis 4Key takeaways 4VC activity 5Thematic updates 7Fintech VC deal summary 32References 33CONFIDENTIAL.NOT FOR REDISTRIBUTION.Q1 2026 FINTECH VC TRENDS3BNPL$XXX.XXFintech landscape For the c

3、omplete fintech taxonomy and company list,click here to see the market map on the PitchBook Platform.Alternative lendingCapital marketsCommercial financeCFO stackFinancial services infrastructureB2B paymentsRegtechWealthtechCredit&bankingConsumer paymentsCONFIDENTIAL.NOT FOR REDISTRIBUTION.Q1 2026 F

4、INTECH VC TRENDS4Quarterly analysisKey takeaways In Q1 2026,fintech VC deal value was$11.5 billion,up 46.3%YoY but down 24%QoQ.Despite the sequential decline,the number was healthy relative to recent quarters.The median deal size grew meaningfully at earlier stages but declined at later stages.The d

5、ivergence reflects investor concentration in AI-native startups at earlier stages,where smaller teams are hitting growth benchmarks faster than ever.The median pre-money valuation hit record highs across all stages in Q1,with the overall median jumping 119.1%to$71.5 million.AI-native companies and o

6、n-chain finance businesses were the primary drivers,and we expect valuations to remain elevated as these verticals continue to have enormous growth potential.The wealthtech segment led Q1 deal value at$3.9 billion,though 67%of this value was driven solely by deals for Kalshi and Polymarket.Excluding