Bitcoin
$ 23,010
Ethereum
$ 1,592.8
Litecoin
$ 88.55

Global fintech funding dropped 46% YoY in 2022

A recent analysis from Crunchbase states that global fintech funding hit $75.2 billion in 2022, a 46% reduction from 2021 and a 52% decline from 2020.

According to the data, the funding slowdown was more severe in the second half of the year. In Q4’22, funding totaled $10.7 billion, the lowest quarterly level since 2018.

The research also showed that agreements in the fintech industry decreased by 8% annually in 2022, totalling 5,048. According to data, Africa was the only continent to have an increase in agreements from 2021.

The data indicates that although fintech financing is still strong, the market’s growth may be slowing down. It is important to note that Africa displayed a favourable trend, which may point to fresh potential in the continent’s financial landscape.

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Nigeria’s First Domestic Card Scheme Has been Launched. Here is What You Need To Know
January 28, 2023By
Brazilian fintech receives a $150 million IFC loan to boost financial inclusion in Colombia
January 27, 2023By
Coinbase Fined €3.3 Million Over Non- registration In the Netherlands
January 27, 2023By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,010 0.06 % 0.21 % 1.34 %
Ethereum1,592.8 0.20 % 0.87 % 4.13 %
Tether1.000 0.02 % 0.00 % 0.03 %
USD Coin1.001 0.04 % 0.02 % 0.05 %
BNB308.33 0.27 % 1.02 % 1.11 %
XRP0.4123 0.07 % 0.54 % 0.32 %
Binance USD1.000 0.01 % 0.03 % 0.00 %
Cardano0.3875 0.37 % 2.06 % 6.58 %
Dogecoin0.09028 0.43 % 5.05 % 4.41 %
Polygon1.130 0.06 % 4.78 % 10.61 %