Global fintech funding reached $75.2B in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. The funding slowdown was especially severe in the second half of the year, with Q4’22 funding clocking in at $10.7B — the lowest quarterly level since 2018.

Overall, deals fell 8% year-over-year to reached 5,048 in 2022. Africa was the only major region to see deals increase compared to 2021.

Download the complete 178-page, data-driven State of Fintech 2022 Report for insights and analysis into these key trends and much more:

• $100M+ mega-rounds accounted for $36.5B in funding in 2022, marking a 60% drop from 2021.
• Insurtech M&A exits reached a new high, rising 40% in 2022 to 81 deals.
• Fintech unicorn births steadily declined throughout 2022, sinking to a low of 5 new unicorns in Q4’22 — an 87% drop compared to Q4’21.
• US fintech funding fell 50% YoY to $32.8B. Despite the drop, 2022 was the second-highest funding year for US fintechs on record.