In 2024, fintech startups raised a total of $33.7 billion, marking a 20% decline compared to the previous year, as revealed by CB Insights' State of Fintech report. Deal volume also saw a decrease, dropping by 17% to 3,580. However, there was a notable uptick in the fourth quarter with $8.5 billion secured, showcasing a possible rebound. Additionally, median deal sizes increased by 33%, which suggests some positive trends in funding dynamics within the industry. New funding rounds were highlighted, including LemFi's $53 million case and Recharge's €45 million debt facilitation.
Global funding to fintech startups continues to decline, with a reported $33.7 billion raised in 2024, a 20% drop from the previous year. However, there was a stronger finish with $8.5 billion in Q4.
LemFi raised $53 million to expand customer acquisition and international reach, while Recharge secured a €45 million debt facility for market consolidation and fintech services.
Despite the downturn, fintech's median deal size rose 33% to $4 million, signaling potential resilience as the industry adapts to challenges in the fundraising landscape.
The annual decline in funding was the smallest in three years for fintech, indicating a possible stabilization after periods of significant funding drops.
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