APAC FinTech startups face funding slump amidst market volatility

APAC FinTech startups face funding slump amidst market volatility

A report from GlobalData, financial deals database has shown that Asia Pacific FinTech startups faced a decline in venture capital funding across all stages in 2022. The lead analyst, Ira, believes that investors have become more cautious due to the volatile market conditions. The different funding stages were defined as early-stage deals, which includes seed and series A funding rounds, and growth expansion and late-stage VC deals, which include Series B onwards funding rounds. Early-stage funding rounds were dominant in the FinTech VC funding landscape, accounting for 68.3%, while growth expansion and late-stage VC funding rounds accounted for 31.7%.

In 2022, growth expansion and late-stage funding rounds faced a decline in volume of 12.4% compared to the previous year. The analysis also revealed that India had the highest number of venture capital deals in the FinTech space with disclosed funding rounds. Due to the increasing competition in the market, securing funding has become challenging for startups.

Innovation is essential to overcome the funding slump, and Asia Pacific FinTech startups must embrace innovative strategies. With intense competition in the market and unpredictable market conditions, securing funding has become even more challenging for startups. The decline in funding in the FinTech space underlines the importance of investing in innovation to stay ahead of the competition and attract investors in the current volatile market.

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