Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG [FOX Business Network]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: FOX Business Network
Global investment in fintech tumbled in the first half of 2022 as investors contended with geopolitical uncertainty, turbulence in the public markets, scorching hot inflation and rising interest rates. According to KPMG's Pulse of Fintech report released in September, total fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022. According to KPMG's Pulse of Fintech report released in September, total fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022. (Photo courtesy of iStock) (iStock / iStock) The firm notes that the Asia-Pacific region saw total fintech investment more than double from $19.2 billion in second half of 2021 to a record $41.8 billion in the first half of 2022, with Block Inc's acquisition of Australia-based Afterpay accounting for more than half of the total. FILE PHOTO: The Afterpay app is seen on the screen of a mobile phone in a pictu
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