• Out of the 3,447 deals that occurred in the first half of 2022, the Blockchain & Crypto sector outshined other sectors accounting for one in five deals in H1 2022 with 704 deals in total. Global adoption of Blockchain & Crypto in Q2 2020 stood at 2.5% and this has grown rapidly to 24% in Q2 2021. This high growth is unlikely to continue at such rapid rates as countries, such as China’s ban the use of cryptocurrencies and global drops in prices due to the global cost of living crisis, scams, regulation and scepticism of coin and NFT values halting high growth, but as long as new technologies and innovations emerge, adoption and growth will continue.
• The WealthTech sector raised the most amount of capital in H1 2022 with $13.9bn, an 18% share of the $76.8bn raised in global FinTech deals. FNZ, a wealth management platform, was the largest WealthTech deal in H1 2022 raising an eye watering $1.4bn in their latest Private Equity round led by CPP Investments and Motive Partners.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global