Data Snack: How was Q2 2022 for fintech investments?
- Fintech investment in Q2 2022 was the lowest in five straight quarters, at $21.5 billion.
- Unicorn creation in fintech dropped down near pre-pandemic levels in Q2, with just 25 new unicorns being formed globally.
With drying investments, crumbling valuations and increasing layoffs, is the year 2022 one of reckoning for fintech?
Let’s look at some numbers from Dealroom’s new report on the state of fintech funding in Q2 2022.
Global VC funding in fintech has fallen drastically since the start of the year. In Q2, fintech startups managed to raise just $21.5 billion – the lowest in five quarters. That figure represents a 39% decrease from the highest amount, at $35.3 billion in Q4 2021, and a 32% decrease YoY, from $31.6 billion in Q2 2021.
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