The global fintech sector continues to mature as companies scale their operations, broaden their product offerings and expand into new markets.
Global fintech investment across VC, PE and M&A rose from $72.2 billion in H2’25 to $103.1 billion in H1’26, putting it on track for a four-year investment high.
Deal volume remained quite soft, however, with just 2,100 deals globally in H1’26 compared to 2,500 in H2’25 as investors continued to concentrate their capital on large deals centered around mature fintechs with well-proven business models.
The top-10 deals alone accounted for 62% of fintech investment ($64 billion) during H1’26.
Key trends seen during H1’26 included:
- Continued strength of investment despite soft deal volume
- Growing focus on AI, particularly AI-native fintechs
- The quieter exit environment
- The increasing focus on infrastructure, including for stablecoins and digital assets
Global trends
Capital remains concentrated
Global fintech investment rose from $72.2 billion in H2’25 to $103.1 billion in H1’26. Investors continued to concentrate capital on fintechs with proven business models.
The Americas drives momentum
The Americas continued to attract the largest share of fintech funding, reaching $86.9 billion. EMEA attracted $11.3 billion and ASPAC $4.6 billion.
M&A accounts for the largest share
M&A accounted for the largest share of investment in H1’26, $67.9 billion across 394 deals. VC investment reached $31.5 billion, while PE investment rose to $3.6 billion.
Payments remains the largest segment
The payments sector continued to attract the most investment, with $44.2 billion during H1’26. Digital assets attracted $11.1 billion, insurtech $3.7 billion and regtech $2.9 billion.
AI becomes a critical driver
During H1’26, the AI space accounted for $21.4 billion in deal value, close to the $23.6 billion recorded during all of 2025.
Early-stage investment remains robust
Early-stage deals accounted for $9.8 billion, highlighting continued investor interest in digital assets, data management, analytics and core infrastructure.
The exit market remains soft
Total VC and PE exit value was soft in H1’26, although the $41.7 billion total remained higher than the annual totals recorded in 2022, 2023 and 2024.
What will shape H2’26
Investment may increasingly shift from pilot projects to investments and startups able to prove their ability to create value.
As agentic commerce continues to grow, there will likely be increasing investment in cybersecurity, digital identity management and payment infrastructure.
Consolidation will likely intensify within fintech sub-sectors, particularly payments, with PE investors looking for consolidation opportunities.
The growing focus on sovereign capabilities globally is likely to extend to digital identity management, cybersecurity and financial services infrastructure.
About the report
The underlying data and analysis for this report was provided by PitchBook Data, Inc on 30 June 2026. The Dataset covers completed venture capital, including corporate venture capital, private equity and M&A transactions in fintech. The report also draws on discussions and interviews with 25 KPMG professionals considered to be fintech subject matter experts. Due to the private nature of many transactions, the Dataset is an estimate based on PitchBook’s research methodology and the information available as of that date.
