As a venture capital grew up all over the worldtracking fintech market was a great way to understand the general state of venture capital; as the venture business got bigger, so did fintech fundraising.
Fintech startups, which account for about a fifth of all venture capital investments made last year, have raised almost unfathomable amounts of capital, but for good reason. While companies around the world have turned to software during the pandemic so they can keep workingaccelerating digital transformation, similar work is being done in the consumer world.
Simply put, financial technology has been busy digitizing consumer lives in recent years, just as enterprise software has helped corporations move away from pencils, paper, and generic spreadsheets. Therefore, it is not surprising that fintech played a big role in the venture capital boom that is now behind us. As well as the fact that as the boom faded, so did fintech.
Let’s talk about the fintech market from a global perspective and from a US perspective. What is really going on there?
Credit: techcrunch.com /