The novel coronavirus outbreak, which was first identified in Wuhan, China, has impacted businesses and people worldwide. The world has been trying to cope through the health and supply chain network crisis that the pandemic has brought upon businesses of all sizes. In the FinTech space, there has been reduced traction in terms of funding, but has it been that significant? To find out, we analyzed FinTech funding rounds from Jan. 2019 to April 2020 in this article.
If we compare the charts from Jan. 2019 to April 2020, we find that the average amount per month raised in 2019 was approximately $3.8 billion, while the number of deals amounted to approximately 188. If we consider March and April 2020, we find that the funding amount in March was 46.1% less than last year’s average. |
