Listen to the Article: After the Fintech Funding Frenzy - How to Grasp the Industry Trends?
The global fintech funding faced a sharp decline in 2022, as the technology sector suffered a widespread slump. Fintech companies raised only $63 billion throughout this year. The fourth quarter of 2022 was especially bleak, with just 599 rounds worth $8 billion, compared to 1,000 rounds worth $26 billion in the same period of 2021.