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Fintech funds fell hard, $39.2B in 2023, 50% below last year

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TLDR: Global fintech funding dropped by 50% in 2023, reaching $39.2 billion, according to a report by research firm CBInsights. The report also found that deal volume slipped 38% to 3,801, the lowest levels since 2017. The US increased its dominance of the fintech market, accounting for 41% of deals in 2023. The report also highlighted a 72% decline in investment to banking startups, while payments startups saw a funding decline of just 30%.

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