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While many fintech investors were cautiously optimistic heading
into 2025, the combination of headwinds from ongoing geopolitical
tensions and rapidly evolving concerns over tariffs and trade
policies saw many investors continuing to hold back from making
large deals except in a few hot areas like digital assets and
currencies and AI.
During H1'25, the fintech market globally attracted $44.7
billion across 2,216 deals — down from $54.2 billion across
2,376 deals in H2'24. Q2'25 was particularly weak, with
just $18.7 billion invested across 972 deals globally —
hitting lows across 8 and 31 quarters respectively. Much of this
slowdown came from continued declines in M&A activity and PE
investment. Global fintech M&A deal value fell from $26.7
billion in H2'24 to $19.9 billion in H1'25, while PE growth
investment in fintech fell from $4.4 billion to $1.4 billion.
Global VC investment in fintech proved more resilient rising
nominally from $23 billion
