Global fintech start-up funding falls by 20% to $8.8bn

While 2018 saw record funding levels for the fintech sector, new data suggests that the global coronavirus(covid-19) pandemic has led to a significant decrease in overall venture capital deals this year.


According to a report by “,” fintech startups raised $8.8 billion in the first half of 2020, marking a 20 per cent fall year-on-year. Citing data from “CrunchBase”, the platform said that the leading investors were Techstarts, Y Combinator and 500 Startups.


There were significant funding challenges for fintechs already prior to the outbreak of Covid-19, as many investors were focusing on established companies with clear business models instead of earlystage businesses.


In Q1 2020, fintechs raised $4.6 billion globally, the same amount as in Q1 2019, but Q2 of 2020 saw a negative trend, with $4.3 billion raised, a 36 per cent decrease yearon- year.


The highest performing year for fintech investment was 2018, when $33.6 billion in total was raised, followed by $25.4 billion in 2019. The total raised since 2015 had reached $114.7 billion by the end of H1 2020. CrunchBase’s data also showed that Techstars is the most active investor in the fintech market, with 183 funding rounds to its name.


Y Combinator took part in 164 rounds and 500 Startups in 140 funding rounds, followed by Plug and Play, QED Investors, and Anthemis Group. North America received the most funding for fintech startups at $44.1 billion, with 95 percent of it going to the US. Asia was the second highest region with $51.3 billion in investments, while European fintech startups received $15.1 billion.




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