This is according to the UK industry body Innovate Finance, which has released its analysis of the global fintech investment landscape for H1 2023.
The first half of this year saw a total of $27.3 billion being injected into the industry globally through 1,714 capital investment deals.
However, when compared to the 2,500 deals that occurred during the second half of 2022, which drew in a larger $31.7 billion, the 14% decline suggests that investment activity is on a downturn. The data attributes this to recessionary trends, including inflation and global conflict.
