Key Global WealthTech investment stats in 2024:
- Global WealthTech deal activity plunged by 67% YoY
- US firms dominated the WealthTech market with 42% of the deals in 2024
- Fourcore Capital, a rising leader in AI-powered asset and wealth management, secured the one of the biggest WealthTech deals for the year with a $500m funding round
Global WealthTech deal activity plunged by 67% YoY
The Global WealthTech market experienced a substantial downturn in 2024, with both funding and deal activity declining sharply compared to previous years.
Total funding fell to $20.1bn, representing a steep 69% drop from the $64.4bn raised in 2023 and a 69% decline from the $65.7bn recorded in 2020.
Deal volume followed a similar trajectory, with only 1,021 deals completed in 2024, reflecting a 67% decrease from the 3,105 transactions recorded in 2023 and a 74% drop from 2020’s peak of 3,947 deals.
This ongoing contraction underscores investor caution in the WealthTech sector, as macroeconomic uncertainties and shifting market dynamics continue to impact funding availability.
US firms dominated the WealthTech market with 42% of the deals in 2024
The United States remained the dominant player in the Global WealthTech market, accounting for 424 deals (42% share) in 2024, though this marked a 66% decline from the 1,261 deals recorded in 2023.
The United Kingdom maintained its second-place position with 89 deals (9% share), down 67% from 272 deals in the previous year.
India followed closely with 81 deals (8% share), representing a smaller 56% decline from the 186 deals completed in 2023.
Despite the overall market downturn, these countries retained their leadership positions, highlighting their continued influence in the evolving WealthTech landscape.
Fourcore Capital, a rising leader in AI-powered asset and wealth management, secured the one of the biggest WealthTech deals for the year with a $500m funding round
Fourcore Capital recently announced its landmark $500m share subscription facility with GEM Global Yield LLC SCS (GGY).
This substantial investment will drive Fourcore’s strategic acquisitions, enhance AI and blockchain integrations across its platform, and expand its advisor support capabilities by appointing additional management talent.
With a commitment to growth and innovation, Fourcore is focused on delivering tailored solutions that combine advanced technology and disciplined investment strategies, positioning itself as a transformative player in the wealth management landscape as it prepares for a public listing.
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