Despite the drop, it was still the third-best year for fintech investment ever and the second-best year for deal volume.
Global fintech investment dropped by more than 50% in H2 2022 compared to H1 2022, from $119.2 billion to $44.9 billion, reflecting a “sharp drop-off” in large deals.
KPMG says 2022 was a “challenging year” for fintech investment globally, with the Americas in particular hit hard. The region saw a $40 billion drop in investment compared to 2021.
However, deal volume was “incredibly robust” in 2022, the report notes, while seed deals saw record investment, “which bodes well for the long-term fintech pipeline”.