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Concerned about the state of the global economy, and compounded with fears of a recession, elevated inflation and interest rates, investors are currency wary when it comes to valuating FinTechs.
More than one-third of all fintech deals happened in the cryptoasset space.
After a record-breaking year in 2021, investment in Canadian fintech dropped by more than 50 per cent in the first six months of 2022, mirroring a broader decline in the technology sector, according to KPMG’s Pulse of Fintech H1’22 Global report. Canadian fintech companies saw US$810 million in total investment across 85 deals in the first half of 2022, down from US$1.9
- Tech sector's broad decline gives investors pause, but M&A and PE activity expected to continue in H2'22, according to KPMG - After a record-breaking year in
The auditing firm says fintech companies in the country garnered US$810 million in investments across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.