Global FinTech & InsurTech Funding Highlight & Investment Trends
Global fintech funding reached $75.2B in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. Insurtech M&A exits rose 40% in 2022 to 81
FinTech – financial technology – is the term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrency.
Fintech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.