Late-stage funding to financial services and FinTech startups in 2023 totaled only $25 billion, the lowest since 2017. Early-stage investment in FinTech and financial services in 2023 was $12.4 billion — the lowest since 2016. While all funding stages to the sector were down, seed funding held up to pre-pandemic levels, falling below the past two years but still landing above the amounts invested in 2020 and prior years. Quarterly funding in this sector was below $10 billion per quarter, except for Q1 when Stripe raised $6.5 billion to cover employees stock option costs. That marked the largest funding in this sector in 2023, but came at a price: Stripe almost halved its $95 billion valuation from its 2021 funding. Source: Crunchbase Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #financialtechnology #fintechindustry #fintechnews #vcfunding #fintechstartups #venturecapital
