6 Fintech Investors Outline Where They Want to Pick up Deals in 2024
Fintech investors are looking at areas of opportunity amidst a challenging market. Funding for fintech startups has declined by 50% in 2023, and many companies have been forced to lay off workers. However, investors are still searching for potential investment opportunities, especially in AI for financial services, cost management tools for software, payroll providers, and modernizing forgotten parts of finance. Insurtech companies face new challenges due to the increase in natural disasters and changing climate patterns. Digital banks, once considered the crown jewels of fintech, now face increased competition, making it difficult to acquire new customers.
Key Points:
– Venture funding to fintech startups declined by 50% in 2023, and many companies have had to lay off workers.
– Investors are still searching for opportunities in AI for financial services, cost management tools, payroll providers, and modernizing forgotten parts of finance.
– Insurtech companies face challenges due to the increase in natural disasters and changing climate patterns.
– Digital banks face increased competition and struggle to acquire new customers.
