WEF – Fuelling Innovation: Fixing Fintech Funding Gaps, 2024

This report by the World Economic Forum and McKinsey explores the fintech funding landscape, highlighting trends and proposing strategies to close potential funding gaps. Despite significant growth in the industry, VC funding for fintech has seen a recent decline, with certain regions like Sub-Saharan Africa, Latin America and the Caribbean, and the Middle East and North Africa receiving disproportionately low funding compared to their revenue-generating potential. However, some regions like Latin America and MENA have experienced significant growth in fintech funding. Additionally, the distribution of VC fintech funding across subsectors has become more balanced, with areas such as capital markets and embedded finance seeing increased investment. The report aims to address these funding gaps and drive more VC investments into fintech ecosystems globally.