Get the latest tech news
Fintech funding slows to the lowest level since 2017
CB Insights released its Q1 2024 State of Venture Report, revealing that fintech funding slid by 16% during the three-month period.
But even more troubling than the double-digit dip was the fact that the $7.3 billion raised globally by fintech startups in the three-month period marked the lowest level the sector has seen since early 2017, according to the report. On the plus side, there was a 15% uptick in equity deal making last quarter, which “means investors continue to show interest in fintech solutions — particularly payments tech,” according to a CB Insights spokesperson. Companies based in the United States were the biggest recipients of capital, collectively raising $3.3 billion across 393 deals in the quarter.
Or read this on TechCrunch
