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The five biggest fintech trends of 2021

From funding unicorns to crypto’s rise, here are the megatrends that shaped fintech in 2021.

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3 years ago

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2. Fintech exits are getting big too

At the same time, 2021 saw some blockbuster exits. The biggest was Grab’s $40 billion merger into Nasdaq-listed Alitmeter Capital, a blank-check company. The share price has been hammered, but the company and its founders achieved their goals and are well positioned for continued growth.

Besides Grab, other notable IPOs and M&A this year in Asia included:

  • Paidy (Japan) bought by PayPal for $2.7 billion
  • Afterpay (Australia) acquired by Stripe (now Block) for $29 billion in stock
  • KakaoBank (Korea), IPO raised $2.2 billion, at $29 billion valuation
  • Paytm (India), IPOed via corporate parent One97 raising $2.5 billion (it’s now trading below its last private valuation of $16 billion)
  • BillDesk (India), acquired by PayU for $4.7 billion in cash
  • PolicyBazaar (India), IPOed via corporate parent PB Fintech, raising $870 million
  • Linklogis (China), IPOed in Hong Kong, raising $1 billion (its share price has collapsed)
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