Global fintech funding continued to decline in Q2'22, dropping by 33% QoQ and 46% YoY.
Global fintech funding in Q2’22 saw $20.4B raised across 1,225 deals — the lowest amount of quarterly funding and deals since Q4’20. The US accounted for 42% of total funding, with some of the biggest deals going to companies like Velocity Global, Circle, and Remote.
Other Q2’22 highlights across the fintech ecosystem include:
- The fintech unicorn count hit 297 in Q2’22 — a modest rise of almost 6.5% QoQ. New entrants include KuCoin ($10B valuation), Coda Payments ($2.5B), and Newfront Insurance ($2.2B).
- Mega-rounds ($100M+) reached $9.7B across 55 deals, accounting for almost half of total global funding.
- Quarterly M&A deals fell for the first time since the onset of the global pandemic, reaching 181 in Q2’22.
- The US raised the most in fintech funding ($8.6B), followed by Asia ($5.1B), and Europe ($4.7B).
- Global Founders Capital was the top fintech investor in Q2’22, investing in 24 companies. It was followed by Tiger Global Management (22 companies), and Andreessen Horowitz (17).
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