Looking at Q3 2023, Fintech has dropped to 5th most funded industry, behind health, transportation, energy and enterprise software, with $6B in funding. By years end, Fintech is expected to drop over 50% compared to last year. Global VC investment by industry Q3 2023 Source: Dealroom.com
0 Comments
Looking at Q3 2023, Fintech has dropped to 5th most funded industry, behind health, transportation, energy and enterprise software, with $6B in funding. By years end, Fintech is expected to drop over 50% compared to last year. Percentage of VC funding going to fintech startups Source: Dealroom.com
Fintech is one of the largest VC investment categories, together with health, enterprise software, energy and transportation. Over $480B in VC funding has gone into fintech startups since 2016, and more than $1.1T of exit value has been created in the same period.
Fintech startups are now worth $3.7T, with 2/3 of the value still private. Fintech has, however, been hit hard by the venture capital market downturn. Fintech startups raised $6B globally in Q3 2023, the lowest level since 2017 and less than half the same period last year. Zooming out tough, fintech VC investment in 2023 are still 6x compared to one decade ago. |
Marco van VelzenDutch finance and sales professional living in Barcelona, specialised in helping B2B SaaS companies grow in The Netherlands and Spain.. Founder of Exponente Digital. ArchivesCategories |