This document provides an agenda and background information for a Fintech Bootcamp being held in Boston, MA from 2019-2023. The 4-day bootcamp will be presented by Sri Krishnamurthy, founder and CEO of QuantUniversity, and will cover topics like quantitative methods, data science, big data, and Fintech. Day 1 will include keynotes and an overview of Fintech. Future days will cover the agendas, case studies, and presentations. The document also includes an investment banking report on trends in the Fintech sector like funding amounts, valuations of companies, and notable acquisitions and mergers.
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Boston Fintech Week - Day 1
1. Location:
Boston Fintech Week 2019
Babson College
Boston, MA
Fintech Bootcamp
Day 1
2019 Copyright QuantUniversity LLC.
Presented By:
Sri Krishnamurthy, CFA, CAP
sri@quantuniversity.com
www.analyticscertificate.com
2. 2
QuantUniversity
• Analytics and Fintech Advisory
• Trained more than 1000 students in
Quantitative methods, Data Science
and Big Data & Fintech
• Programs
▫ Analytics Certificate Program
▫ Fintech Certification program
• Building
3. • Founder of QuantUniversity LLC. and
www.analyticscertificate.com
• Advisory and Consultancy for Financial Analytics
• Prior Experience at MathWorks, Citigroup and
Endeca and 25+ financial services and energy
customers.
• Regular Columnist for the Wilmott Magazine
• Author of forthcoming book
“Financial Modeling: A case study approach”
published by Wiley
• Charted Financial Analyst and Certified Analytics
Professional
• Teaches Analytics in the Babson College and at
Northeastern University, Boston
Sri Krishnamurthy
Founder and CEO
3
10. 40 WALL STREET, NEW YORK, NY www.rblt.com
Spotlight On FinTech
September 2019
Rosenblatt FinTech
Investment Banking
11. www.rblt.comwww.rblt.com
Six Key Insights From The Frontline
11
FinTech funding is still robust, but slowing
down
§2019 projected funding could be 1/3rd
lower than 2018
§Spending has grown at CAGR of 40%
during 2014-2018
Major global FinTech trends are:
§US has regained its global FinTech
leadership
§India eclipsed China in deal activity and
attracted $350M vs $375 for China
§Led by Brazil’s NuBank ($400M), LatAm
became the 2nd hottest sector globally
We mustn’t paint FinTech with a broad
brush. Each sector reveals a different story
§Insurance woke up late but is catching up
and still seeing robust Series A activity
§Lending and Payments are mature
§Capital Markets and Wealth Management
are hanging in there
There’s risk of a private market slowdown
§Prominent IPOs (Uber/Lyft) doing badly and
Unicorns in the pipeline facing trouble
(WeWorks) could change the narrative
§There are clear signs of a frothy market:
massive funding, sky rocketing valuations,
lower investing standards
M&A acquirers are multiplying in number and
variety: PEs, Strategics, Tech firms, even Telcos
§Financial institutions are biggest buyers of
InsurTechs while exits in other sectors are
driven by IPOs and PE buy-outs
Of 394 Unicorns, 48 are FinTechs
§US churns out the most Unicorns (28)
§9 Unicorns were born in 2019 alone
§Investors are doubling down on Unicorns:
the top 10 deals were $200M+ rounds
1
4
6
3
2
5
12. www.rblt.comwww.rblt.com
$13B
$20B
$23B $22B
$48B
$16B
$0B
$10B
$20B
$30B
$40B
$50B
$60B
2014 2015 2016 2017 2018 2019e
DealValue1
Funding Continues, But Signs of A Slowdown?
12
U S C a p i ta l R a i s e (CY’18 – Q2’19)
CAGR: 40%
Largest
Capital Raise
Company
Select
Investor
1,220
$250M
Series B
$1.3B Pre-Money
1,602
$1,000M
Series F
$2.6B Pre-Money
1,832
$1,200M
PE Growth
$17.3B Pre-Money
2,024
$2,200M
Series A
Undisclosed
2,298
$14,000M
Series C
$136B Pre-Money
941
$500M
Series E
Undisclosed
Deals
(w/ Reported $ Value)
2H’2019 (Annualized)1H’2019 (Actual)
1 – Represents Equity Capital only (All VC rounds and PE(Growth Equity))
Source – RBLT analysis, Pitchbook, FactSet, CrunchBase, CB Insights, other industry sources
# of Companies
(CY’14 – Q2’19)
> 11,000
# of Deals
(w/ Reported $ Value)
(CY’14 – Q2’19)
> 14,400
Total Deal Value
(w/ Reported $ Value)
(CY’14 – Q2’19)
> $142B
Unicorns Created
(w/ Reported Valuation)
(CY’14 – Q2’19)
> 50
↑ 56% ↑ 20% ↓ 5% ↑ 118% ↓ 32%($) % ∆ YoY
$16B
13. www.rblt.comwww.rblt.com
$12M, $40M, $1,931M
$16M, $70M, $1,858M
$15M, $47M, $2,867M
$14M, $50M, $3,410M
$20M, $77M, $2,582M
$20M, $78M, $1,585M
$30M
$40M
$50M
$60M
$70M
$80M
$90M
$10M $12M $14M $16M $18M $20M
MedianValuation(Pre-Money)
Median Capital Raise
Unpacking FinTech Reveals A Varied Picture Across Sectors
13
44
54
Capital Markets
37
51
Personal Finance
& Invest’ Mgmt.
33
50
Institutional SW
Solutions
57
83
Lending & Credit
Company Count
Deal Count
48
75
InsurTech
R e l a t i v e Va l u a t i o n a n d C a p i t a l I n f l o w B y S e c t o r | (United States | CY’18 – Q2’19)
KEY: Median Capital Raise, Median Valuation, Total Capital Invested
Note: Relative size of bubble represents “Total Capital Invested” | Median #’s drawn from VC activity across all series and PE (growth equity)
Source – RBLT analysis, Pitchbook, FactSet, CrunchBase, CB Insights, other industry sources
Capital Markets
36
60
Payments
Lending & Credit
InsurTech
Institutional
SW Solutions
Payments
Personal Finance &
Investment Mgmt.
14. www.rblt.comwww.rblt.com 14
Please Contact Us To Discuss More:
V i ka s S h a h
M D , I n v e s t m e n t B a n k i n g
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Copyright 2019. Rosenblatt Securities Inc. All rights reserved.
Rosenblatt Securities Inc. seeks to provide and receive remuneration for Agency Brokerage, Market Structure Analysis, Macro and other
Sector Analysis and Investment Banking Advisory Services. Rosenblatt Securities Inc. may, from time to time, provide these services to
companies mentioned in this analysis. This material is not a research report and should not be construed as such, and does not contain
enough information to support an investment decision. Neither the information contained herein, nor any opinion expressed herein,
constitutes the recommendation or solicitation of the purchase or sale of any securities or commodities. The information herein was
obtained from sources which Rosenblatt Securities Inc. believes reliable, but we do not guarantee its accuracy. No part of this material may
be duplicated in any form by any means. Member NYSE, FINRA, SIPC.
19. 19
“Financial Technologies or “Fintech” is used to describe
a variety of
innovative business models
and
emerging technologies
that have the potential to transform the financial
services industry ”
What is Fintech?
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD554.pdf
20. 20
Automation in products or services delivered through the use of the
internet.
Unbundling of different financial services traditionally offered by
service providers like banks and investment managers.
Examples:
• Equity crowdfunding platforms intermediate share placements
• Peer-to-peer lending platforms intermediate or sell loans
• Robo-advisers providing automated investment advice
• Brokerage and investing services through social trading platforms
Innovative business models
Ref: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD554.pdf
21. Drivers
• Generational shift
▫ Millennials & Gen Zs more open to
newer mediums and technologies
• Technology growth
▫ Mobile
▫ Internet
▫ Computing power
• Broader accessibility and decreasing
cost of products and services
• Increasing disintermediation and re-
intermediation
45. 45
• A blockchain is a continuously growing list of records called blocks, which are
linked and secured using cryptography.
• It is an open, distributed ledger that can record transactions between two
parties efficiently and in a verifiable and permanent way.
• https://coincenter.org/entry/what-is-blockchain-anyway
What is Blockchain?
47. 47
Fact 1: Bitcoin is not equal to Blockchain!
https://www.sciencedirect.com/science/article/pii/S07365853
18306324
48. 48
Fact 2: Blockchain discussions today are like talking about the
internet in the early 1990s
• Everyone’s talking about bitcoin.
But the killer applications are yet to
see the light of day.
49. 49
Fact 3: Blockchain is in a hype cycle
• A recent study by Deloitte, 92% of
the 26,000 blockchain-based
projects that have been created
over the last two years are now
dead.
https://www2.deloitte.com/insights/u
s/en/industry/financial-
services/evolution-of-blockchain-
github-platform.html
50. 50
Fact 4: Blockchain will be transformational in powering Web 3.0
https://blockchainhub.net/web3-
decentralized-web/
https://www.pcmag.com/article/351486/block
chain-the-invisible-technology-thats-changing-
the-wor
• Blockchain can bring us true P2P
transactions without a middleman.
• Blockchain-based networks,
decentralized apps (DApps), and
distributed ledgers are becoming the
foundation of much of your digital life.
51. 51
Fact 5: Blockchain will replace many traditional business
models
https://cointelegraph.com/news/evolve-or-perish-say-
bain-company-to-banks-on-using-bitcoin-blockchain
https://www.bloomberg.com/news/articles/2018-02-
16/banks-replaced-with-blockchain-at-international-
food-program
• Blockchain based businesses will
disintermediate many services and
make certain market players
redundant.
• Many businesses of today must evolve
or perish
52. 52
Case study 1: Global food supply chain
• Identify where a food product came from in about 2.5 seconds - down from six
days before its history was tracked on a blockchain
From <https://www.coindesk.com/ibm-wants-know-ways-blockchain-can-go-wrong/>
53. 53
Case study 2 : Trucking industry
https://www.freightwaves.com/blockchain/
54. 54
Case study 3: Flight insurance
Blockchain technology could run a flight-
insurance business without any
employees
https://spectrum.ieee.org/computing/net
works/how-smart-contracts-work
55. 55
Case study 4: Trading and Settlement
https://www2.deloitte.com/ch/en/p
ages/innovation/articles/the-
blockchain-revolution.html
https://www.bis.org/cpmi/publ/d157.pdf
56. 56
Case study 5: Blockchain in Healthcare
https://www.hyperledger.org/wp-
content/uploads/2016/10/ey-blockchain-in-health.pdf
57. 57
Case study 6: Predictive maintenance and tracking parts
https://blogs.sap.com/2017/09/09/digital-twin-implementation/
58. 58
Case study 6: Fund raising
https://www.forbes.com/sites/eidoo/2017/11/17/crypto-
startups-managing-icos-and-fundraising-on-the-
blockchain/#79cd5b046025
59. 59
Case study 8: Digital Asset management & Tackling software
piracy
http://europa.eu/rapid/press-release_MEMO-17-4943_en.htm
61. Thank you!
Presentations & Day 2 updates
will be posted here:
https://quantuniversitycrashcourse.splashthat.com/
Sri Krishnamurthy, CFA, CAP
Founder and CEO
QuantUniversity LLC.
srikrishnamurthy
www.QuantUniversity.com
Information, data and drawings embodied in this presentation are strictly a property of QuantUniversity LLC. and shall not be
distributed or used in any other publication without the prior written consent of QuantUniversity LLC.
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