Key Chinese FinTech investment stats in 2024:
- Chinese FinTech funding plummeted by 83% YoY
- Deals over $100m reached 5-year low as investors shifted towards a conservative approach
- Chaitin Technology, a cybersecurity company providing robust security solutions, secured one of the largest Chinese FinTech deals for the year with a funding round of $141m
Chinese FinTech funding plummeted by 83% YoY
The Chinese FinTech market saw a sharp contraction in both deal volume and total funding in 2024, as investor appetite for high-value transactions declined significantly.
The year ended with 99 deals, marking a 70% decrease from the 326 deals recorded in 2023 and a 67% drop from the 300 deals seen in 2020.
Total funding in 2024 amounted to $2.2bn, representing an 83% decline from the $12.7bn raised in 2023 and an 89% drop from the $19.2bn secured in 2020.
The average deal size in 2024 stood at $22m, reflecting a 45% drop from the $39m recorded in 2023 and a steep 69% decline from the $64m seen in 2020.
This sharp downturn highlights growing investor caution, driven by regulatory pressures and broader economic challenges impacting the sector.
Deals over $100m reached 5-year low as investors shifted towards a conservative approach
Funding from deals under $100m reached $1.2bn in 2024, down 76% from the $4.8bn recorded in 2023 and 72% lower than the $4.1bn raised in 2020.
Meanwhile, larger deals valued at $100m or more accounted for $1bn, reflecting an 87% drop from the $8bn secured in 2023 and a 93% decline from the $15.1bn recorded in 2020.
The funding secured from deals $100m and over in 2024 was the lowest in the five-year period, underscoring a significant retreat from large-scale investments.
The substantial decline in both small and high-value transactions suggests a broader market slowdown, as investors shift towards more conservative strategies amidst ongoing regulatory scrutiny and global economic uncertainty.
Chaitin Technology, a cybersecurity company providing robust security solutions, secured one of the largest Chinese FinTech deals for the year with a funding round of $141m
This substantial investment propels Chaitin Technology into a new phase of independent development, reinforcing its leadership in product categories such as web application firewalls, traffic detection, and host security.
The company has already provided robust security solutions to over 3,000 users across critical industries like finance, communications, and government, with a service network spanning more than 30 provinces and cities and an ecosystem of over 2,000 partners.
Chaitin Technology plans to leverage its advanced defence capabilities to upgrade its product offerings and deploy cutting-edge technologies, including AI-driven security models, to enhance intelligent security operations.
This new capital will enable the company to continue its heavy investment in innovation and market expansion, solidifying its position as an emerging leader in the cybersecurity sector.
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