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Tag: cb insights

  • AI accounts for 31% of VC funding in Q3

    AI accounts for 31% of VC funding in Q3

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    Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. Venture capital funding for startups globally dropped 21% year over year to $54.7 billion in Q3, according to CB Insights’ State of Venture Funding Q3 report, published Oct. 3. “This is surprising, because we […]

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    Vaidik Trivedi

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  • Overflow raises $20M in series B | Bank Automation News

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    Investors expect funding activity to rebound in 2024 following a year of uncertain macroeconomic conditions.  In 2023, global fintech equity deals amounted to $39.2 billion, compared to $78.6 billion in 2022, recording a 50% year-over-year drop, according to a Jan. 18 State of Fintech report by CB Insights, a data intelligence company. In Q4, only […]

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    Vaidik Trivedi

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  • Zilo nabs $31M in series A | Bank Automation News

    Zilo nabs $31M in series A | Bank Automation News

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    Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence.  Global venture funding in 2023 stood at $248.4 billion, down 42% year over year, its lowest point since 2017, according to a Jan. 4 State of Venture 2023 report by business analytics provider CB Insights. Global […]

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    Vaidik Trivedi

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  • Fintech venture fund raised $750M | Bank Automation News

    Fintech venture fund raised $750M | Bank Automation News

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    As the global economy faced macroeconomic headwinds coupled with rising rates, fintech funding in 2023 remained subdued compared to prior years.  Global fintech funding stood at $30.5 billion year to date, down 60% year over year, while the number of deals fell by 51% YoY to 2,849, according to market intelligence company CB Insights’ third […]

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    Vaidik Trivedi

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  • Fintechs struggle with profitability | Bank Automation News

    Fintechs struggle with profitability | Bank Automation News

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    European fintech funding experienced a massive drop in funding and number of deals in the third quarter. In Q3, European fintechs raised $1.3 billion (1 billion pounds), down 67% year over year, while the number of deals fell to 181, down 42% YoY, according to the Q3 State of Fintech report by business analytics platform […]

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    Vaidik Trivedi

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