The global fintech market continued to face challenges in the first six months of 2023 — high levels of inflation, rising interest rates, the ongoing Russia-Ukraine conflict, depressed valuations and a lack of exits were expected; others were less so, including the collapse of several banks in the US.
Total fintech funding and the number of fintech deals globally dropped from US$63.2 billion across 2,885 deals in H2’22 to US$52.4 billion across 2,153 deals in H1’23. In the Asia Pacific, fintech funding softened from US$6.8 billion in H2'22 to US$5.1 billion in H1'23.
Following global trends, interest in artificial intelligence took off with investors and corporates seeking ways to leverage AI generated content (GC) within fintech use cases. In particular, there is strong interest in AIGC use cases focused on marketing and customer engagement to upgrade customer experiences.
Whether you’re the CEO of a large financial institution or a founder of an emerging fintech, it’s critical to consider how your company can grow sustainably and profitably even in these uncertain times. Read our Pulse of Fintech H1'23 report for insights on how you can position your organisation to weather today’s storms while positioning for long-term success.
