According to KPMG, 2024 has been a challenging one for fintech market globally driven by concerns like ongoing geopolitical uncertainty and high interest rate. As such, fintech investment globally has declined from $62.3 billion to $51.9 billion between the second half of 2023 and H1 this year—the lowest six months of fintech investment since 2020. Only five deals that are over $1 billion occurred in the fintech space during the first half of 2024—all buyouts. 

So is there any optimism in sight for the fintech market in Asia Pacific? Anton Ruddenklau, Global Head of Fintech and Innovation, Financial Services, KPMG International, shares more highlights from KPMG's Pulse of Fintech H1'24 report on Industry Insight. 

 

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