Market Pulse April 2026 Edition (Finch Capital)

Summary

• The Finch Index EV/Revenue median reached 3.4x in Q226, compared to 6.4x for the S&P 500 and 6.1x for the NASDAQ 100p.2
• In April 2026, UK & Ireland accounted for 23 VC/Growth deals in financial technology and €632M in notable fundraisesp.3
• Banking & Digital Currency Technology VC/Growth funding declined to €28M in Q226, marking a five-quarter lowp.6
• Lending & Mortgages Technology funding activity slowed significantly to €7M in Q226p.8
• Business Technology VC/Growth value stood at €1,820M in Q226 across 33 total deals in UK & Irelandp.9

Key insights

1. Finch Index tracks 89 publicly traded companies grouped across 9 Business and Financial Technology themesp.2
2. Payments technology EV/Revenue median multiple traded at 1.7x in Q226, lower than the broader Finch Index median of 3.4xp.5
3. Banking & Digital Currency Technology had an LTM revenue YoY growth of 26% and an EBITDA margin of 10% in public comps as of 30/04/2026p.6
4. Lending & Mortgages Technology public comps demonstrated a 29% LTM revenue YoY growth alongside an EBITDA margin of 17%p.8
5. HR & Payroll Technology VC/Growth funding bounced back to €255M in Q226 from €111M in Q126p.10
6. Finance & Ops Technology EV/Revenue multiple was 3.0x in Q226 while public comps delivered an EBITDA margin of 10%p.11
7. Finch Capital manages €500m AuM and targets investments in companies with €2m+ annualized revenuesp.14