NEW YORK—Some $18.2 billion in funding flowed to fintech companies in the first month-and-half of 2022, putting the tech firms on track to beat last year's historical record.
In the first six weeks of 2022, fintech funding trended 20% above all of January to February 2021, with mega deals from the likes of FNZ, Citadel Securities, and Checkout.com driving the numbers, Axios reported.
Crypto-related fintechs have had the biggest gains this year, with $4.1 billion raised compared to about $800 million in the first two months of last year.
In the first two months of 2021, U.S. companies dominated with 64% of the pie. This year, Europe (32%) is giving America (39%) a run for its money.
As CUToday.info reported, fintechs have seen a 500% increase in customers over the past two years.
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