In the first quarter of 2022, the US and Asia both recorded 1% year-on-year declines in venture funding. Europe and Latin America saw growth of 33% and 35% respectively.
Africa though tells a different story. According to Africa-focused database The Big Deal, Africa was the only region to record three-digit growth in the first quarter of 2022, with venture funding up 150% to hit a record $1.8 billion compared to $730 million in the same period in 2021.
With job losses mounting in the fintech space and pressure on venture capital volumes and company valuations, it is understandable to see the present time as fintech's toughest moment. It could have easily been far worse.
On the 22nd of June, it will be exactly two years since Wirecard said that €1.9bn of cash that it had previously booked into its accounts was missing and presumed to never to have existed at all.
The story of the world's best known cryptocurrency is astonishingly fast-moving and its fans will soon line up to tell you you've got it all wrong.
But write about it we must, because the past 24 hours have been catastrophic for the grande dame of cryptocurrency - even by Bitcoin standards.
Couldn’t make it to Amsterdam in person this year? Well, don’t worry; Fintech Istanbul got you covered.
Bringing together financial innovation and FinTech enthusiasts from around the world, Money 20/20 Europe offered an intellectual treat to its participants. Let’s take a look at the highlights of the 3-day event in Amsterdam.