Mega rounds worth at least US$100 million “picked up slightly” in the latter half of the year with 31 deals compared to 24 in the first half of 2024.
Funding for financial technology startups, or fintech, has fallen 20% y-o-y in round count and dollar value in 2024 to US$28 billion ($38.05 billion) according to S&P Global Market Intelligence in its Jan 21 release.
However, S&P notes that in 4Q2024, funding rose 17% y-o-y to US$6.86 billion, even as the number of transactions fell 28% y-o-y to 333.
