Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Global Fintech Funding Sees a Boost in Q2 2024
Report | Jul 19, 2024
Image: CB Insights Global Fintech Q2 2024
CB Insights Report for Global Fintech Overview Q2 2024
CB Insights Global Fintech Q2 Report recently dropped. Global fintech funding increased to $8.9 billion in Q2 2024, up 19% from the previous quarter, mostly due to two large deals: $694 million from Stripe and $650 million from AlphaSense.
Having said that, the total number of deals fell by 16% in spite of this increase, suggesting investor caution. Deals for companies in the middle and later stages made up 20% of the total, up from 18% in 2023 (especially in payments and lending).
See: Fintech in 2024: Growth, Challenges, and Opportunities
While the median deal size increased to $4 million, the average deal size decreased somewhat to $12.8 million.
Significant investment poured into digital asset firms, as the crypto winter thaws and trump trade grows, which accounted for 30% of the best early-stage deals.
With a 45% increase in investment to $4.8 billion, the US took the lead, while aid to Latin America increased by 22% to $442 million.
Regional Comparisons
- The US led global fintech funding with $4.8 billion, marking a 45% increase. The US accounted for 40% of equity deals and 36% of exits.
- Latin America experienced a 22% increase in funding, reaching $442 million.
- Funding in Asia totaled $1.2 billion across 197 deals.
- Europe secured $1.9 billion from 185 deals.
- Africa's fintech funding stood at $38 million across 24 deals.
- Oceania saw $200 million in funding from 14 deals.
- Canada's fintech sector saw $100 million in funding across 22 deals, with an average deal size of $2.3 million.
Canadian Fintech Insights Q2 2024
In Q2 2024, the Canadian fintech industry raised $100 million in funding across 22 deals, which makes up a very small share of the global market. For Canadian fintechs, the average deal size grew to $2.3 million from $0.5 million in prior years. Brim closed a $63 million Series C round, among other notable deals. Even with the small amount of transactions, Canada's fintech ecosystem is nevertheless quite promising and has made a big contribution to the overall expansion and innovation of the fintech sector.
Image: CB Insights Canada top equity deals Q2 2024
Conclusion
Global fintech markets in Q2 2024 exhibited cautious optimism, with strong growth in key areas and stages. Despite its modest size, Canada continues to make significant contributions to the fintech innovation and funding environment. As digital assets acquire traction and mid- to late-stage startups receive more funding, the fintech sector will continue to evolve and flourish.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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