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Laxman Pai, Opalesque Asia: The total global fintech investment across M&A, PE, and VC fell to US$164.1 billion across 6,006 deals in 2022 after reaching a record US$238.9 billion across 7,321 deals in 2021, said a study.
According to the study 'Pulse of Fintech' by KPMG, while results were substantially lower compared to 2021's peak highs, 2022 was not a poor year as a whole. In fact, it was the third-best year for fintech investment ever and the second-strongest year for deal volume.
According to the study, the sharp drop-off in fintech investment between H1'22 and H2'22-from US$119.2 billion to US$44.9 billion - highlights the rapidly shifting market conditions much more clearly.
H1'22 saw numerous US$1 billlion+ deals, including eight M&A-including the US$27.9 billion acquisition of Australia-based Afterpay by Block, two VC raises-Germany-based Trade Republic and UK-based Checkout.com, and one PE deal-US-based Genesis Digital Assets.
H2'22 by comparison saw just three M&A deals over US$1 billion-all in the US, including the US$8.4 billion buyout of Avalara, the US$1.7 billion buyout of Billtrust, and the US$1.6 billion buyout of Computer Services Inc.
The largest VC raise of H2'22 was a US$800 million raise by Sweden-based Klarna-in what was a significant rounding down (A). The largest PE deal was a US$250 million raise by US-based Avant.
Regionally, the Americas remained the dominant force of fintech investment globally, accounting for US$6...................... To view our full article Click here
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