Fintech by the numbers

Incumbents, startups, and investors adapt to fintech evolution

From disruptive threat to enabling partner, fintech has entered a new phase of its evolution. Our insights track the development of the fintech market and examine how banks, insurers, and investment management companies are tackling fintech transformation initiatives.

Deloitte’s fintech interactive tool—newly updated!

Do you follow the fintech movement? View Deloitte’s fintech interactive tool to stay updated on changes in the fintech market. This interactive tool tracks fintech startup and investment activity across banking and capital markets, insurance, investment management, and real estate. See below for some notable trends through the first half of 2022, based on Venture Scanner-reported data as of July 1, 2022.1


A strong rebound in fintech investment levels was seen throughout 2021. While it may be too early to say that trend has reversed, the numbers for the first half of 2022 do not compare favorably to those of the same period last year.  Here are some of the highlights, with comparisons to the same period in 2021:


  • Fintech investment decreased to $52.9 billion, down 24% from $69.6 billion.
  • There were a reported 1,198 funding events directed towards 902 companies, compared to 1,629 funding events across 1,188 fintech companies.
  • When compared to H1 2021, a decrease in funding is seen across all sectors in 2022. BankTechs saw a 14% decrease (representing 66% of total investment), InsurTechs saw a 48% decrease (9%), InvestTechs had a 34% decrease (11%) and PropTechs a 34% decrease in funding (14%).
  • Companies headquartered in the following five countries accounted for 76.2% of the total funding in H1 2022: US based companies received $23.9 billion (or 45.1% of the total); followed by those in the UK with $9.0 billion (or 17.0%); India with $3.2 billion (or 6.1%); Brazil with $2.3 billion (or 4.3%); and France with $1.9 billion (or 3.6%).
  • However, M&A deal value saw an uptick, increasing by 52% to $46.4 billion compared to $30.6 billion in H1 2021. But the number of deals fell 12% to 110.
  • Only 6 companies went public in H1 2022, raising a total of $2.1 billion, versus 16 companies and $7.2 billion in the same period last year.
  • 8 venture capital (VC)-backed fintech launches were reported in H1 2022. Overall, the data shows 129 VC-backed fintechs launched in 2021, 266 in 2020, and 350 in 2019.2 However, it’s important to note that these numbers could change in the subsequent quarters due to the time taken for new launches to be formally announced.

1 Source: Venture Scanner data ; Deloitte Center for Financial Services analysis.
2 All data is retrospectively updated by Venture Scanner as and when new information becomes publicly available. Therefore, the number of new launches for 2022 as well as previous years may change in subsequent releases.

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Jim Eckenrode

Jim Eckenrode

Managing director | Center for Financial Services

Jim is the managing director of the Deloitte Center for Financial Services, where he is responsible for defining the marketplace positioning and development of the Center’s eminence and key activities... More

Gina Primeaux

Gina Primeaux

Principal | Deloitte Risk & Financial Advisory

Gina is a principal at Deloitte & Touche LLP the largest professional services organization in the United States. She is a value-driven, compassionate, financial services leader with more than 20 year... More

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