as venture capital has grown around the world, following the fintech market has been a good way to understand the overall health of the VC world; As venture got bigger, so did fintech fundraising.
Worth about a fifth of all venture dollars invested last year, fintech startups have raised almost unfathomable amounts of capital, but for good reason. While businesses around the world turned to software during the pandemic to ensure they could stay operational and accelerate digital transformation, the consumer world went analog.
Put simply, fintech has been busy digitizing consumers’ lives in recent years, just as enterprise software has helped companies ditch pencils, paper and generic spreadsheets. It’s no big surprise, then, that fintech has been a big part of the venture boom that’s now behind us. Neither did fintech when the boom died down.
New Q2 2022 data from CB Insights and PitchBook reveal fintech retreat.
Let’s talk about the fintech market from a global perspective and from a US-focused perspective. What’s really going on out there?
The global perspective
https://techcrunch.com/2022/07/16/once-a-key-driver-of-global-venture-activity-fintech-investment-slows-around-the-world/ Once a key driver of global venture activity, fintech investment slows around the world – TechCrunch