Dealroom report – State of fintech 2024

In 2023, fintech experienced a major downturn, with VC investment dropping by 63% to $42 billion compared to the previous year. Despite this, the US fared better than Europe, with a 45% decrease compared to 66%. Seed and Series A funding held up the best, down 60% since 2022. The majority of fintech value remains private, with over $500 billion in private companies awaiting exit opportunities. Payments lead in funding, while crypto and DeFi saw significant declines. Wealth management shifted towards alternative investments. Climate fintech funding dropped by 55% but remains higher than pre-pandemic levels.