F-Prime Capital debuts Fintech Index

Launched this morning, the Fintech Index tracks the performance of 54 fintechs in public markets and tracks related exits. With a lifetime performance of +743.1%, the index has outperformed the S&P 500 by more than 600 percentage points.

Why should we care?
Fintech’s growing up. There are now sufficiently substantial and numerous public players for firms like F-Prime to track the state of the industry through an index, including the fate of fintechs once they exit. “For the first time, we have enough publicly-traded fintech companies to construct a meaningful Fintech Index,” said David Jegen, Managing Partner of F-Prime Capital’s Technology Fund. “To see the scale, transparency, and potential of these businesses, we want to accurately collect and benchmark the growth of the industry by creating an index to track the leading disruptors.” And F-Prime is clearly not the only firm interested in fintech. 2021 saw 77 fintechs go public, as well as 300 fundraising rounds of more than $100M. In addition, 35% of global venture funding went to fintechs; previously, only 10% went to the industry. While fintech disruptors raised more than $119B in private markets in 2021, the health of the Fintech Index may also indicate growing revenue opportunities in public markets as well.