FinTech Funding Slows Down: $623M in 17 Deals
The FinTech money tap dripped a little slower this week. A modest $623 million trickled into 17 deals, a far cry from the torrents of recent months.
⚡ Key Takeaways
- FinTech funding declined for the second consecutive week, with $623M raised across 17 deals. 𝕏
- k1x, an AI platform for private markets tax data, secured the largest round at $175M. 𝕏
- Salmon, a Southeast Asian financial services company, raised $100M in a hybrid equity and bond financing. 𝕏
- Global FinTech deal activity is up YoY, but total funding volume has decreased, suggesting a more selective investment environment. 𝕏
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Originally reported by Fintech Global