AI-driven fintechs were the top recipients of funding during the third quarter, while financial advisory and wealth tech fintechs registered the highest growth in headcount. Five of the top 10 Q3 deals by dollar amount went to AI-powered finance platforms, allowing those leaders to widen the competitive gap as AI-first and agentic solutions scale, according […]
Vaidik Trivedi
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Tech giants are bailing out on in-house financial services innovation as they look to embed their offerings into third-party vendor platforms. “After nearly a decade or more of big tech companies venturing into launching their own financial products, many of the major players have now pulled back,” Laura Kennedy, principal analyst at think tank CBInsights, […]
Vaidik Trivedi
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Fintech funding saw a rebound in the second quarter as global funding increased to $8.9 billion, up 11% year over year. The U.S. saw the most fintech funding during the quarter at $4.8 billion across 324 deals, followed by Europe with $1.9 billion across 185 deals, according to data service provider CB Insights’ Q2 State […]
Vaidik Trivedi
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Fintech funding has hit a four-year low, but venture capitalists believe that it will slowly return to a pre-pandemic normal, Carey Ransom, managing director of venture capital firm BankTech Ventures, told Bank Automation News. “Things got very frothy in 2021 and 2022 due to the liquidity in the market,” Ransom said. “It was a zero-rate […]
Vaidik Trivedi
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Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.3 billion in Q1, down 54% year over year, while the number of deals completed fell to 904, down by 28% […]
Vaidik Trivedi
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Vaidik Trivedi
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Vaidik Trivedi
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Vaidik Trivedi
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Total fintech funding and number of deals fell last year amid rising inflation and interest rates following a digitally transformative 2021 in the wake of the COVID-19 pandemic. In 2022, fintech funding fell 46% year over year to $75.2 billion, according to CB Insights’ “2022 State of Fintech Report.” In the U.S., fintech funding plunged […]
Whitney McDonald
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