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KPMG is the world’s leading professional services firm, It was published The Canadian Fintech Report yesterday highlighted a significant decline in overall investment in the first half of 2022 (first half of 2022). Raised $810 million worth of investments in 85 transactions.
KPMG noted that over a third of trades during the period mentioned occurred in the crypto space despite difficult market conditions. Of the 85 deals, 69 were venture capital deals totaling over $776 million. In the fintech space, eight transactions occurred in the payments sector.
The innovations emerging from the Canadian fintech sector and the digitization it brings to the financial services ecosystem make Canada an attractive place for fintech investment in areas such as payments, regulated technology and cryptocurrencies. Rajeev Shankar, Partner Finance Transformation & Financial Services, KPMG Canada, said:
In the first half of 2021, Canadian fintech companies attracted a record investment of $5.4 billion.
Global financial markets struggled in the first half of 2022 amid rising inflation and uncertain economic conditions, but the global financial technology sector remained resilient. Overall, global fintech investment reached $107.8 billion in the first half of 2022, compared to her $111 billion in the second half of 2021.
We are also seeing investments in fintech companies based in places like Charlottetown, Medicine Hat and Quebec City. It shows that they continue to evolve and diversify in terms of what they offer and even where they thrive, Shankar added to the report.
Last month, fintech firm Tamara secured $100 million in a Series B funding round.
KPMG is the world’s leading professional services firm, It was published The Canadian Fintech Report yesterday highlighted a significant decline in overall investment in the first half of 2022 (first half of 2022). Raised $810 million worth of investments in 85 transactions.
KPMG noted that over a third of trades during the period mentioned occurred in the crypto space despite difficult market conditions. Of the 85 deals, 69 were venture capital deals totaling over $776 million. In the fintech space, eight transactions occurred in the payments sector.
The innovations emerging from the Canadian fintech sector and the digitization it brings to the financial services ecosystem make Canada an attractive place for fintech investment in areas such as payments, regulated technology and cryptocurrencies. Rajeev Shankar, Partner Finance Transformation & Financial Services, KPMG Canada, said:
In the first half of 2021, Canadian fintech companies attracted a record investment of $5.4 billion.
Global financial markets struggled in the first half of 2022 amid rising inflation and uncertain economic conditions, but the global financial technology sector remained resilient. Overall, global fintech investment reached $107.8 billion in the first half of 2022, compared to her $111 billion in the second half of 2021.
We are also seeing investments in fintech companies based in places like Charlottetown, Medicine Hat and Quebec City. It shows that they continue to evolve and diversify in terms of what they offer and even where they thrive, Shankar added to the report.
Last month, fintech firm Tamara secured $100 million in a Series B funding round.
