THE BRIEF
“ THIS CONSTANT OVERLOAD OF UNREGULATED CRYPTO LEADS TO DAILY NEGATIVE HEADLINES ABOUT CRYPTOCURRENCY SCAMS , RESULTING IN INVESTORS BEING PUT OFF FROM BUYING AND SELLING CRYPTO ”
FINTECH FUNDING R O A R I N G B A C K ?
Dan DA ROSA Co-Founder and CEO , ETHAX �
“ THERE WILL BE ADDED PRESSURE ON WHAT PEOPLE CAN AFFORD TO DO – FOR EXAMPLE PAY THEIR MORTGAGES – ESPECIALLY AS HOUSEHOLD BUDGETS ARE SQUEEZED ”
Paul RANDALL CEO , Creditinfo �
“ FOR THE INDUSTRY TO CONTINUE TO GROW AND BECOME MAINSTREAM , CUSTOMERS MUST HAVE TRUST IN THE INFRASTRUCTURE AND FRAMEWORK UNDERPINNING IT – AND IT STARTS WITH REGULATION ”
Tom CROSLAND CEO , CoinZoom �
With inflation at an all-time high and following several months that saw stocks plummet , along with valuations , it seems that there may yet be a glimmer of hope on the horizon for fintech companies seeking investment .
While the space won ’ t recover to 2021 levels - an artificially induced bubble that led to unprecedented funding due to the demands for digital transformation and online financial services - things do appear to be returning to where they were in 2020 .
According to the latest reports on fintech startups , 2022 hasn ’ t been the disaster zone it could have been . There were more than 130 funding rounds in January alone and a further 26 fintech seed deals across Latin America in the second quarter of the year with Brazilian companies taking the biggest share with nine deals , or 35 % all deals at that stage .
Indeed Neon raised $ 300mn in its Series D round , while Creditas closed a Series F round for $ 260mn .
While these rounds are yet to reach the dizzying heights of 2021 , they are in all other respects megarounds in their own right . 2023 may yet signal further optimism for the fintech market as economies begin to stablise .
12 November 2022