visimoney
TLDR:
- Retail Fintech VC deal value in Q4 2023 surged to $2.6 billion, up by 5.0% QoQ.
- Deal value for the full year was $10.0 billion, down 57.5% from 2022.
Retail Fintech VC deal value increased to $2.6 billion in Q4 2023, marking a 5.0% increase from the previous quarter, according to a report from Pitchbook. However, deal value for the whole year was $10.0 billion, down by 57.5% from 2022. The report also highlighted that retail fintech companies secured 148 VC deals in Q4, with top deals in credit & banking companies such as Tamara, KOHO, and Tabby. Additionally, a report from Pitchbook indicated that the Fintech M&A landscape is seeing a decline in activity year over year, with $28.3 billion in US/Canadian fintech M&A value recorded in 2023.
The report suggests that heavy investments in the fintech sector have led to winners and overcrowding in certain segments, such as KYC/AML, fraud detection/prevention, and underwriting as a service. The decline in M&A activity in 2023 is also highlighted, with 145 total fintech acquisitions, representing a 15.7% drop from the previous year. The report from Pitchbook provides insights into the challenges and opportunities within the fintech industry as it continues to evolve and attract substantial investments.
