Fintech SPACs
Complete breakdown of 13 SPACs in the Fintech sector. Average return of -58.3% with a 7.7% bankruptcy rate.
Total SPACs
13
Avg Return
-58.3%
Bankruptcy Rate
7.7%
Capital Raised
$4.9B
trust sizes combined
Bankrupt
1
Zombie
6
Survivors
3
Peak Market Cap
$59.2B
All Fintech SPACs (13)
| Company | Ticker | Peak | Current | Return | Status | Year |
|---|---|---|---|---|---|---|
| Metromile | MILE | $19.49 | $0.00 | -100.0% | delisted | 2020 |
| Better Home & Finance | BETR | $69.98 | $0.75 | -99.5% | zombie | 2021 |
| Greenidge Generation Holdings | GREE | $60.00 | $1.50 | -97.5% | zombie | 2021 |
| Hippo Holdings | HIPO | $18.49 | $1.75 | -82.0% | zombie | 2021 |
| Cipher Mining | CIFR | $15.00 | $4.00 | -73.0% | zombie | 2021 |
| Paysafe | PSFE | $19.44 | $13.00 | -70.0% | survivor | 2021 |
| Global Blockchain Acquisition | $0.00 | $0.00 | 0.0% | zombie | 2022 | |
| InterPrivate III Financial Partners | $0.00 | $0.00 | 0.0% | delisted | 2021 | |
| Crypto 1 Acquisition | $0.00 | $0.00 | 0.0% | delisted | 2021 | |
| Financial Strategies Acquisition | $0.00 | $0.00 | 0.0% | bankrupt | 2021 | |
| Blockchain Coinvestors Acquisition Corp. I | $0.00 | $0.00 | 0.0% | zombie | 2021 | |
| Aldel Financial II | ALDF | $10.69 | $10.54 | +5.4% | survivor | 2024 |
| SoFi Technologies | SOFI | $28.26 | $14.00 | +50.0% | survivor | 2021 |
Fintech Sector Summary
The Fintech sector saw 13 companies go public via SPAC mergers, raising a combined $4.9B in trust capital. With an average return of -58.3% and 1 bankruptcies out of 13 companies (7.7% bankruptcy rate), Fintech has been one of the most devastating sectors for SPAC investors. At peak, these companies reached a combined market cap of $59.2B.