In 4Q2023, there were 472 rounds yielding US$6.7 billion, compared to 481 rounds worth $6 billion in the previous quarter.
Asia Pacific venture capital (VC) flows into fintechs declined by 27% y-o-y to US$9 billion ($12 billion) in 2023, according to S&P Global Market Intelligence data.
Globally, the VC flows into fintechs dropped 42% y-o-y to US$35 billion. However, the downturn may be nearing end — S&P Global Market Intelligence fintech research analyst Sampath Sharma Nariyuri notes that the bearish funding cycle for fintech startups is likely bottoming out, with deal volumes at startups in later funding stages stabilising in recent times.
