In the first three months of 2022, fintech startups raised $29.3 billion globally, representing a 7.3% decrease in deal value from the previous quarter, according to PitchBook data.
Fintech companies have enjoyed a confluence of favorable trends in recent years–including a push for digitized financial services, adoption of mobile wallets and vast interest in trading apps.
Now, even as the VC industry navigates ongoing market uncertainty, the fintech sector has managed to show resilience and adaptability so far this year. The median pre-money valuation for late-stage fintech companies rose to a record $257.5 million during the quarter—a 44.5% increase from 2021's full-year figure.
Here's a breakdown of several noteworthy trends in the fintech industry during Q1, according to our latest Emerging Tech Research report on the sector.
Related read: Q1 2022 Fintech Report
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This article originally appeared on PitchBook News