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CB Insights Report: The State Of Fintech: Q3 2022

CB Insights | Oct 18, 2022

CB Insights Q3 2022 State of fintech funding - CB Insights Report:  The State Of Fintech: Q3 2022

Fintech investment activity continues to slow down in Q3'22 as quarterly funding returns to pre-2021 levels.

  • Global fintech funding fell 38% quarter-over-quarter (QoQ) to hit $12.9B — matching Q4’20’s level. Deals fell slightly, dropping 9% QoQ to reach 1,160.
  • Mega-rounds also accounted for a smaller percentage of total funding (34%) compared to the average of 66% in 2021.

See:  Plaid’s Annual ‘Fintech Effect’ Report Shows 84% of UK Consumers Use Fintechs to Manage Money

  • Mega-round funding came in at $4.4B, the lowest level seen since 2018.
  • Fintech unicorn births fell below double digits for the first time since 2020, with just 6 new unicorns in Q3’22.
  • M&A deals dropped 14% QoQ to 155 deals, an 8-quarter low. The number of SPACs surpassed IPOs for the first time ever.
  • Europe (32%) surpassed the US (24%) in late-stage deal share for the first time since Q4’18.

Register to download 197 page PDF report --> here


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