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2023 review: Fintech financing falls by 63% compared to the previous year

05/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Dans un contexte de ralentissement plus large du financement dans tous les secteurs, les FinTech startups raised a total of $2 billion in funding in 2023. This amount is a decrease of 63% compared to the $5.4 billion they raised in 2022

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In 2023, there were only 144 funding rounds in fintechs, a sharp drop compared to the 504 funding rounds that the sector had experienced in 2022. Among the most successful segments of fintech were alternative lending, payments, and banking technology, with alternative lending companies receiving the highest funding in the industry. $835 million in 2023 that is 63% less than the funding received by these businesses in 2022. In 2023, early-stage and early-stage funding cycles declined more sharply than late-stage funding cycles.

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