The rise of fintech companies has caused a radical shift in how we make payments, borrow money, insure, and manage wealth. However, 2022 has been a challenging year for fintech companies as venture capitalists have tamped down on their investment in the sector.
In the third quarter of fiscal 2022, global fintech funding fell 38% quarter-over-quarter to hit $12.90 billion — matching fourth-quarter fiscal 2020 levels.
