2023’s Fintech Funding Dips, But 2024 Holds Promising Areas & Deals

January 12, 2024
1 min read

TLDR: Fintech funding in 2023 decreased by more than 50% compared to the previous year, marking its lowest level in six years. The AI and manufacturing sectors outpaced fintech in terms of venture investment for the first time in six years. Late-stage funding to fintech startups in 2023 reached its lowest point since 2017, while early-stage investment was the lowest since 2016. However, some venture capitalists are optimistic about the future of fintech, highlighting three areas of potential investment: the next generation of fintech infrastructure, finance tech for underserved industries, and CFO software stack. While the valuation reset may benefit both investors and companies in the long run, there is hope that 2024 will see a stabilization and eventual rise in fintech deal volumes and funding numbers.

Previous Story

InvestCloud: Enter New Era with Bold CEO Announcement

Next Story

UPCX: Shielding FinTech’s Future with Post-Quantum Cryptography Security Solution

Latest from Blog

Don't Miss