• Irish FinTech investment is set to more than double to $854m based on investment in the first half of 2022 and deal activity is expected to reach similar levels to 2021 with a slight 4.5% decrease. Global FinTech investment in Q2 2022 reduced a significant 24% from the first quarter of 2022 although Irish FinTech investment has resisted the global trend and increased by 17%.
• Ecowatt, a company offering EcoWatt tokens (EWT) that act as carbon offset credits to contribute towards climate action, was the largest Irish FinTech deal in H1 2022 raising a substantial $110m in their latest ICO funding round led by The Global Emerging Markets Group. Ecowatt will use the funding for renewable energy, clean tech and reforestation projects that will enable investors to achieve their carbon-neutral goals. EcoWatt’s green portfolio consists of a growing asset pipeline of up to 10 gigawatts of renewable energy and the commitment to plant 100 million trees by 2025.
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
