Once a key driver of global venture activity, fintech investment slows around the world

Image Credits: DBenitostock (opens in a new window) / Getty Images

When venture capital grew around the world, it was a good way to understand the general health of the industry.

It's worth around a fifth of all venture dollars invested last year, so it's worth a lot. The work going on in the consumer world is similar to the work going on in the business world during the Pandemic.

Just as enterprise software helped corporations ditch pencils, paper and generic spreadsheets, financial technology has done the same for consumers. It's not a huge surprise that the venture boom is behind us. As the boom waned, fintech did the same.

Data from CB Insights and PitchBook lays bare the retreat of the fintechs.

From a global and U.S. perspective, let's discuss the market. What is happening out there?

The global perspective