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# 📊 Global fintech funding dropped 46% YoY in 2022
- URL: https://www.techloy.com/global-fintech-funding-declined-46-percent-in-2022/
- Published: 2023-01-23T13:12:35.000Z
- Updated: 2023-01-23T13:12:35.000Z
- Author: Acquah Nana Yeboah
- Tags: / Fintech, / Money

According to a new report from *Crunchbase*, global fintech funding reached $75.2 billion in 2022, indicating a 46% decrease from 2021, and a 52% decline when compared to 2020.

The data shows that the funding slowdown was particularly severe in the second half of the year, with Q4’22 funding clocking in at $10.7 billion, the lowest quarterly level since 2018.

The report also revealed that deals in the fintech sector fell 8% year-over-year, totaling 5,048 in 2022\. The only region to see an [increase in deals compared to 2021 was in Africa](https://www.techloy.com/african-startups-raised-almost-5-billion-in-2022-report/https://www.techloy.com/fintech-startups-in-africa-led-funding-in-2022/), according to a Techloy analysis.

The data suggests that while fintech funding remains robust, the market may be experiencing a slowdown in growth. It is worth noting that [Africa showed a positive trend](https://www.techloy.com/african-startups-raised-almost-5-billion-in-2022-report/) which could be an indication of new opportunities in the fintech scene on the continent.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/01/Global-fintech-funding-falls-48--YOY--1-.png)

## Other 2022 highlights across fintech include:

- $100M+ mega-rounds accounted for $36.5B in funding in 2022, marking a 60% drop from 2021.
- Banking funding declined 63% YoY — the sharpest drop across fintech sectors analyzed — to return to pre-Covid levels.
- US fintech funding fell 50% YoY to $32.8B. Despite the drop, 2022 was the second-highest funding year for US fintechs on record.
- Africa-based fintechs saw a record 227 deals in 2022, a 25% increase YoY.
- Insurtech M&A exits reached a new high, rising 40% in 2022 to 81 deals.
- Fintech unicorn births steadily declined throughout 2022, sinking to a low of 5 new unicorns in Q4’22 — an 87% drop compared to Q4’21.