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1  August 2023&苍产蝉辫;鈥�&苍产蝉辫;Global fintech funding falls to US$52.4bn, but it鈥檚 not all bad news

The first six months of 2023 were difficult for the fintech market globally, with both total funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2鈥�22 to US$52.4 billion in across 2,153 deals in H1鈥�23. The cloud of uncertainty permeating the market continued to wear on investors, driven by factors including global macroeconomic concerns (high inflation and rising interest rates), geopolitical tensions (the ongoing conflict between Russia and the Ukraine), and tech sector challenges (depressed valuations and a continued lack of exits). The collapse of several US banks early in 2023 likely also kept many investors in wait and see mode during H1鈥�23.

But not all the news was negative in H1鈥�23. According to the H1鈥�23 edition of 乐鱼（Leyu）体育官网鈥檚 Pulse of Fintech, a number of sectors attracted robust funding during the first half of 2023. Supply chain and logistics-focused fintechs attracted US$8.2 billion in funding in H1鈥�23鈥攚ell above the space鈥檚 2019 annual record of US$5.5 billion. Green fintech also had robust interest, with US$1.7 billion of funding during H1鈥�23鈥� already slightly ahead of its 2022 results (US$1.5 billion).