Global fintech funding fell by 12 % in 2024( GFTN, Global State of Fintech 2024)

33 of 70 of the largest fintechs were profitable in 2023( BCG and QED Investors, Global Fintech: Prudence, Profits, and Growth)

150 fintech acquisitions by traditional banks from 2014 – 2024( BNP Paribas, Fintech acquisitions by traditional banks: review of the decade 2014-2024)

Market maturation and economic pressures could trigger significant consolidation across the fintech sector. Unprofitable startups may be acquired or shuttered, while larger fintechs pursue strategic acquisitions for economies of scale. Traditional banks could continue to acquire successful fintech challengers rather than compete, integrating and innovating emerging technologies. Regulatory authorities could scrutinise mergers more closely as a result of this, balancing competition against financial stability. Venture capital might concentrate on proven business models with clear profitability paths, with little risk appetite. fintechmagazine. com 39