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State of Fintech Q3’22 Report

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Fintech investment activity continues to slow down in Q3’22 as quarterly funding returns to pre-2021 levels.

Global fintech funding fell 38% quarter-over-quarter (QoQ) to hit $12.9B — matching Q4’20’s level. Deals fell slightly, dropping 9% QoQ to reach 1,160.

Mega-rounds also accounted for a smaller percentage of total funding (34%) compared to the average of 66% in 2021.

Below, check out a handful of highlights from our 150-page, data-driven State of Fintech Q3’22 Report. For deeper insights, all the record figures, and a ton of private market data, download the full report.

Other Q3’22 highlights across fintech include:

  • Mega-round funding came in at $4.4B, the lowest level seen since 2018.
  • Fintech unicorn births fell below double digits for the first time since 2020, with just 6 new unicorns in Q3’22.
  • M&A deals dropped 14% QoQ to 155 deals, an 8-quarter low. The number of SPACs surpassed IPOs for the first time ever.
  • Europe (32%) surpassed the US (24%) in late-stage deal share for the first time since Q4’18.
  • US fintech funding fell 43% QoQ to $5.1B, reaching its lowest point since Q1’20.
  • Coinbase Ventures was the most active fintech investor in Q3’22, backing a total of 16 fintechs and surpassing Tiger Global Management, which topped the list during the previous 2 quarters.

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Funding & Business

China Will Need to Stimulate Further in Second Half of 2025, Natixis Says

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Natixis chief Asia Pacific economist Alicia Garcia Herrero says she expects Beijing to announce more monetary and fiscal stimulus in the second half of the year. She tells Bloomberg Television that China’s economy fared better than expected in the first six months of 2025, but further policy moves will be needed to hit targets. (Source: Bloomberg)



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Funding & Business

Jane Street Ban Weighs on NSE Market Valuation and Expiry Turnover

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Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:



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Funding & Business

Goldman Strategists Raise Asia Stock Targets, Upgrade Hong Kong

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Goldman Sachs Group Inc. strategists raised their forecast for Asian stocks, citing a more favorable macro environment and greater certainty around tariffs.



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