Global Fintech Funding H1 2022 vs H1 2023, by Region
15 August 2023•
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The global economic slowdown impacted fintech funding trends across all regions for the first half of 2023, but the impact was relatively severe in Europe, the Middle East and Africa (EMEA), with investments targeting fintechs dropping by 75% to $4.28 billion, from $17 billion in H1 2022. When comparing to North America, which registered $12.4 billion - EMEA simply didn't have the mega-rounds to save it like the US had. Stripe's $6.87 billion deal makes up more than half of North America's H1 2023 raise.
Meanwhile, Asia-Pacific saw only a 19% fall, with funding activity totaling $5.68 billion. $850 million of APAC funding comes from PhonePe in India. Latin America fell far short of the $1 billion mark, posting an 85% drop on a year-over-year basis, with only $514 million in fintech investments.
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