CB Insights – State of Fintech, 2Q 2024

CB Insights' platform helps users make informed decisions about emerging technology to drive growth and outperform competitors. In Q2'24, global fintech funding increased by 19%, reaching $8.9B, driven by two major deals. Although deal volume declined by 16%, mid- and late-stage deals have increased to 20% year-to-date, indicating investor confidence in later-stage companies. The average deal size in 2024 decreased by 4% compared to 2023, but the median deal size increased by 29%, potentially signaling strength in smaller fintech deals. Digital asset companies have received 30% of top early-stage deals, with a focus on cryptocurrency and blockchain. In the US, funding grew by 45% to $4.8B, with mega-rounds playing a significant role. Overall, the US led in equity deals and exits in Q2'24, while LatAm also experienced a funding increase of 22% QoQ.