Investment activity in fintech globally 2010-2023
The total value of investments into fintech companies worldwide increased drastically between 2010 and 2019, when it reached 216.8 billion U.S. dollars. In 2020, however, fintech companies saw investments decrease notably, dropping below 125 billion U.S. dollars. Investment value increased again in 2021, up to more than 225 billion U.S. dollars. 2022, however, was another slow year for fintech, as the value of investments decreased notably, although remained well above the value measured in 2020. The downward investment trend continued in 2023, when global funding value stood at 113.7 billion U.S. dollars. The Americas were the region attracting the most investments in the sector, accounting for more than half of the total investment volume.
What is fintech?
The term fintech is used to describe innovative startup companies operating in the financial sector which apply modern technology solutions in the financial services industry to offer digitally enhanced products and allow widespread access to financial products at a lower cost than traditional players. In 2023, the Americas were home to more than 13,000 fintech startups, making it the region with the most fintech startups globally.
Which is the largest fintech company?
The largest fintech company in the United States in 2023 was Stripe, a payment processing services company headquartered in San Francisco. Stripe's value was 50 billion U.S. dollars in 2023, and was followed by Chime, with a value of 25 billion U.S. dollars.
