All regions globally recorded a decline in fintech investments.
Fintech investments to the Asia Pacific (APAC) region dropped to $3.7b in the first six months of 2024, 19% lower than the $4.6b in investments the sector got in H2 2023.
Globally, fintech investments were down 16.69% to $51.9b across 2,255 deals in H1, according to data from KPMG’s “Pulse of Fintech for H1’24” report.
The Americas attracted the lion’s share of investments, amassing $36.7b in H1 2024. Of this, $27.4b were in the US. Both are lower than the $38.5b (Americas) and $35b (US) in investments made into the fintech spaces in H2 2023.
The EMEA region saw investments drop 40.31% to $11.4b, from $19.1b in the previous half-year period in 2023.
By deal volume, the Americas and APAC saw more activity. The Americas got 1,123 deals in H1 2024, 916 of which were in the US. In APAC, a total of 438 deals were made.
In contrast, deal volume dropped in the EMEA region, from 804 in H2 2023 to 689 deals in H1.
Global M&A deal value was US$32.6b across 264 deals globally in H1. Global VC investment was US$18.3b over the same period, whilst global PE investment was just US$979.5m.
Corporate CVC investment accounted for US$8.5b in VC investments in the six-month period.
Across sectors, payments accounted for the largest proportion of fintech investment in H1, attracting US$21.4b.
In Q1, a separate report in Southeast Asia’s fintechs echoed the same trend of lower investment values in deals, but with early-stage start-ups getting much love from investors.