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Fintech funding feels impact of economic uncertainty

For more insights and key statistics on the biggest trends in today’s most disruptive industries, subscribe to our Chart of the Day newsletter.

Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.

Beyond the chart: Like many other sectors, fintech is seeing funding activity cool off as caution grows among investors. Public companies like Affirm and Coinbase have also taken a tumble, losing tens of billions of dollars from their market cap so far this year.

There’s still money out there for fintechs, but with most neobanks still unable to turn a profit, regulations coming for buy now, pay later services, and a chill falling over the cryptocurrency world, firms must stand out to attract investors.

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