Global fintech funding falls to US$52.4bn, but it's not
all bad news
KPMG Pulse of Fintech – H1'2023
- Americas sees fintech funding climb from US$28.9 billion in
H2'22 to US$36.1 billion in H1'2
- With US$8.2 billion of funding, supply chain and logistics
focused fintech funding surpasses previous annual record.
- H1'23's US$1.7 billion in green fintech funding
already ahead of 2022 total
The first six months of 2023 were difficult for the fintech
market globally, with both total funding and the number of deals
dropping, from US$63.2 billion across 2,885 deals in H2'22 to
US$52.4 billion in across 2,153 deals in H1'23. The cloud of
uncertainty permeating the market continued to wear on investors,
driven by factors including global macroeconomic concerns (high
inflation and rising interest rates), geopolitical tensions (the
ongoing conflict between Russia and the Ukraine), and tech sector
challenges (depressed valuations and a continued lack of
