The New Venture Capitalists: How Community Banks Are Fueling The Growth Of Fintech

OBSERVATIONS FROM THE FINTECH SNARK TANK

Fintech startups looking for funding in 2023 are finding that it wasn’t as easy as it was a few years ago.

According to CB Insights, fintech funding in the US totaled $3.9 billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 million.