CB Insights put global fintech funding at $75.2 billion in 2022, 46% below its 2021 record, across 5,048 deals. The final quarter alone fell to $10.7 billion, its lowest quarterly total since 2018 in that series.
Large rounds took the sharper hit
Rounds of at least $100 million supplied $36.5 billion in 2022, 60% less than the prior year according to CB Insights. This contraction was steeper than the 8% decline in overall deal count. A founder trying to judge the market from the number of announced financings could therefore miss how much the price and availability of large late-stage checks had changed. The same report shows banking startup funding down 63%, another reminder that fintech is not a single financing environment.
A weak finish changes the annual reading
The annual $75.2 billion figure was still 52% above 2020, but that backward comparison hides the trajectory within 2022. The last quarter's $10.7 billion shows a much weaker funding pace than the full-year average. Annual totals aggregate deals struck under different interest-rate and valuation conditions. For a company planning a 2023 raise, the most recent quarter would have been the more relevant signal than a comparison with a pre-boom year.
The geographical exception
Africa was the only major region in the CB Insights report to increase fintech deal count from 2021, reaching 227 deals, up 25%. That does not mean African companies received more capital in every segment, nor that the region escaped the downturn. It shows why a global funding line can conceal different patterns of company formation and ticket size. Compare regions within a provider's same methodology, and separate deal activity from financing volume before drawing an operating conclusion.
CB Insights' sector definitions and deal coverage determine this snapshot; the 2022 total should not be merged with another provider's series.
Financial education, not investment or legal advice. Historical notes are retrospective analysis prepared in September 2026, not contemporaneous Venture Trace reporting.
Sources & scope
CB Insights
State of Fintech 2022 Report
- Source date
- 18 Jan 2023
- Retrieved
- 19 Sept 2026
- Period / geography
- 2022 · Global
CB Insights tracked fintech startup equity investment and deals
Historical report snapshot. CB Insights taxonomy and reported deals define the series; do not combine directly with broader venture totals.
![Illustration of coin-operated robot/2020-Global. [Dom Guzman]](/assets/source-media/cb20-cover-display.webp)
