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Fortune
Fortune
Allie Garfinkle

Global fintech investment falls to $51.9 billion in the first half of 2024, says KPMG data

(Credit: Kelly Sullivan/Getty Images for TechCrunch)

I was worried about fintech a few months ago.

To some extent, I still am. After all, there’s a lot to worry about, from interest rate-induced pressures, to the prospect of increased scrutiny on the space. However, I’ve been feeling a bit more optimistic lately: There’s been a string of high-profile fintech funding rounds announced over the last few months, from Ramp’s $150 million Series D-2 (which bumped the company’s valuation to $7.65 billion) to Altruist's $169 million Series E. A number of notable earlier-stage companies, like Savvy Wealth, have been getting funded, too. 

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