If the current trend holds, 2017 is set to be a record year for VC-backed fintech companies. During the third quarter of 2017, VC-backed fintech companies raised $4 billion across 278 deals globally, 25% below Q2’s record figures but still on track to make a record year for deals according to data from CB Insights. There are now 25 fintech unicorns globally after an intense year of capital raising for the sector. One new unicorn was created during Q3 (Coinbase at $1.6 billion), and one went public (Zhong An Insurance). One former unicorn fell out of the club; Prosper, which…
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