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Canadian fintech companies saw $810 million Total investment across 85 deals in the first half of 2022 is $1.9 billion It was also a notable decline compared to the first half of 2021. $5.4 billion Invested in 108 deals. However, the first half of 2021 is an outlier, and he’s one of the strongest quarters on record.
Investors have hit the pause button over the past few months as the market slump and ensuing decline in technology valuations have been, but with so much investment flowing into fintech last year, this is expected. is considered a realignment of, or sector reset, if so Jeff hurry upKPMG’s national industry leader in financial services CanadaWe expect fintech to continue to attract interest in the second half of the year, but investors will be more selective about where they deploy their capital.
The majority of fintech investments Canada The first half of the year came from venture capital. Broken down by deal type, 25 were seed round investments, 23 were early stage and 17 were late stage funding rounds.
Despite the market downturn, over a third of all fintech deals happened in the crypto space.
KPMG’s global report also notes that public market turmoil “almost brought IPO activity to a halt.” Canada, there were no IPOs in the first six months of the year. The IPO shortfall is expected to continue into the second half of the year.
Overall investment in fintech is CanadaContinued downward pressure on technology valuations could lead to more mergers and acquisitions and private equity activity as investors and companies look for bargains, the report notes.
“Innovation born from Canada’s With the fintech space and the digital enablement it provides to the financial services ecosystem, Canada It’s an attractive place for fintech investments, and we expect growth to continue in areas such as payments, regtech, and crypto despite turmoil in the crypto asset space and the broader tech sector. Rajiv shankarPartner Finance Transformation and Financial Services at KPMG Canada.
We are also seeing investments in fintech companies based in: Charlottetown, medicine hat When Quebec Cityit tells me that Canada’s The fintech ecosystem will continue to evolve and diversify, both in terms of the types of fintechs that emerge, the services they offer, and even where they thrive, he added.
