British FinTech investments fell by almost 60 %in 2022: KPMG report

British FinTech investments fell by almost 60 %in 2022: KPMG report
In the united Kingdom's crypto and fintech industry, the investments in the second half of 2022 went back in the middle of a combination of turbulent macroeconomic conditions.
companies in the region completed a total of 591 fintech deals in 2022, compared to 724 in 2021. According to Bloomberg, the data emerges on Wednesday by the large four auditing company KPMG. The figures show a decline in fintech investments in 2022 by $ 22 billion to just $ 17 billion-a decrease of 60 %. "The deviation underlines the shift in the mood of investors in view of increasing geopolitical challenges, which leads to the lack of exits from the IPO, the downward pressure on the ratings and market turbulence," he said. The decline reflects the approximately equivalent decline in the entire market capitalization for cryptocurrencies within this time, from the front 3 trillion dollars In the meantime, many of the biggest blowups from Crypto are such as Celsius Voyager and Terra appeared in the middle of the year, which appears in November to melts from FTX in November led. The largest attraction among the British fintech section sectors were payment service providers who absorbed investments of $ 3.6 billion last year. worldwide fintech companies last year took $ 164.1 billion with over $ 6,000 investment transactions, compared to $ 238.9 billion in 2021. Of course, the investments in crypto and block chain-specific companies have also decreased, from 30 billion in 2021 to $ 23.1 billion in 2022. Meanwhile, the value bound in the defi protocols has dropped to $ 180 billion High. A Report by Pantera Capital, which was released last month, shows that the VC investments in cryptofiders between 4. Quartal 2021 and the 4th. Quarter 2022 have decreased by over 75 %. . The fintech trajectory
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"The deviation underlines the shift in the mood of investors in view of increasing geopolitical challenges, which leads to the lack of exits from the IPO, the downward pressure on the ratings and market turbulence," he said. crypto and defis trajectory