Globally, fintech startups engaged in 529 funding rounds worth US$6.58 billion in 1Q2024, representing 18% fall in round count and 26% decline in dollar value on a y-o-y basis.
Asia Pacific saw the largest y-o-y decline in fintech funding value compared to other regions in 1Q2024, falling 46% to US$1.85 billion ($2.51 billion), according to data by S&P Global Market Intelligence.
This is largely due to the base effect, the firm found.
