However, compared to 1Q2024, this total amount was up 52%, while total rounds were down 11%.
Globally, artificial intelligence (AI)-enabled startups in financial services raised US$2.28 billion ($3.07 billion) in 2Q2024, the first time the dollar amount of AI-related funding passed the US$1 billion mark since 2Q2022, according to a report by S&P Global Market Intelligence.
The number of funding rounds for AI startups in financial services stood at 51. Meanwhile, fintech startups saw a 10% fall in round count and 36% decline in dollar value y-o-y in 2Q2024, with 462 funding rounds worth US$8.77 billion.
