Global fintech investment falls in 2022, payments space shows top growth

The global fintech market attracted $164.1 billion across 6,006 deals in 2022, falling from the high of $238.9 billion across 7,321 deals in 2021, a report showed on Friday.

Payments space remained the strongest fintech sub-sector globally, attracting $53.1 billion in total investment, according to KPMG’s ‘Pulse of Fintech H2-2022’ report.

The sharp drop-off in fintech investment between the first half of 2022 and the second half — from $119.2 billion to $44.9 billion — highlights the rapidly shifting market conditions much more clearly.

“The variance between the first half of the year and the second highlights the rapid shift in investor sentiment amidst a combination of challenges — high inflation and rising interest rates, the lack of IPO exits, the downward pressure on valuations, and, of course,