TRENDING
2022 was a tale of two fintech markets . The variance between the first half of the year and the second highlights the rapid shift in investor sentiment amidst a combination of challenges .
“ But the news wasn ’ t all negative . Regtech , in particular , saw incredible investment in 2022 , while seed-stage deals received excellent attention from investors after years of late-stage deals getting priority .”
Investment in crypto and blockchain fell to US $ 23.1 billion in 2022 from US $ 30 billion in 2021 .
The decline was particularly noticeable in the second half of the year as investor sentiment related to the consumer crypto space and crypto exchanges plummeted following the Terra ( Luna ) crash in late H1 2022 and the bankruptcy of crypto hedge company Three Arrows Capital .
As consumer crypto loses lustre , investors are turning attention to broader blockchain-based solutions and value propositions , including institutional use cases and GRC applications . This could drive more diverse investments in the blockchain space in 2023 .
Fintech investment in the Americas was US $ 68.6 billion in 2022 , with the US accounting for the vast majority of this total ( US $ 61.6 billion ). By comparison , Canada attracted US $ 1.3 billion in fintech investment .
24 INTELLIGENTCIO NORTH AMERICA www . intelligentcio . com