Europe’s fintech industry endured a taxing 2023.
After years of standing as the bloc’s most in-demand sector, investment in fintech has slumped considerably.
In 2022, fintech made up 17% — or $13.9 billion — of the $82 billion that had been invested into European startups, according to Atomico. That number dropped last year when around $4.5 billion was invested — the equivalent of a tenth of the total $45 billion poured into the ecosystem.
The same phenomenon can be found on a global scale too. Venture investment in fintech globally…
