For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rate environment.
Despite the positive turnaround in operational activity, new investment deals continue to decline. In Q3, global fintech funding declined to $7.3 billion, a 25% quarter-over-quarter decline.
However, new insights reveal that the U.S. currently leads in the global fintech market, representing 60%, or six of the top ten deals made during the third quarter. All top three positions were held by American fintech names, including a $1.0 billion funding deal for Sedgwick, an Ohio-based employee compensation managed care organization (MCO).
