Skip to content

News

Global fintech funding cools in Q1 2022

One third of European FinTechs faced regulatory intervention due to partner bank
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Global fintech funding clocked in at $28.8B in Q1/22, down 18% quarter-over-quarter — the largest percentage drop in quarterly funding since 2018 – according to the latest data from CBInsights.

While deal volumes were up, global fintech funding cooled as the muber of $100 million+ plus mega rounds dropped.

Europe bucked the trend, with funding for the fintech sector rising by 39% to $7.9 million, despite a dip in deal volumes.

The US and Asia fared less well. In Asia, funding slid by 44% to $4.8 billion, while deals hit a record high of 388. The US also scored a 27% drop in funding, hitting $13.3 billion on 489 deals.

Acorss the northern border of the US, Canada recorded a massive 80% increase in funding, bringing in $615 million on 39 deals.

By industry sector, insurtech, banking, payments and wealth tech all recorded declines in funding. Spending on capital markets startups was the only sector to witness a healthy increase at 16%.

Source: Finextra
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Related Posts

EBA publishes Guidelines on role and responsibilities of the AML/CFT compliance officer

The European Banking Authority has released a renewed statement on what it means to be a compliance officer. Released on June 14th, the statement details the role and responsibilities expected
Read More >

Regulating finance for the UK – Charles Randall, Chair of the FCA and PSR

The Financial Conduct Authority (FCA) has released a transcript of a speech given by the Chair of the FCA and PSR, Charles Randell, which covers the idea of regulating finance
Read More >