This is mentioned in the analytical report Pulse of Fintech by KPMG — an international organization of independent firms that provide audit, tax, and consulting services.
“The second half of the year was more subdued than the first, with a significant gap. The total volume of global investments decreased from $51.7 billion to $43.9 billion between the first and second halves, driven by a decline in merger and acquisition deal values and venture capital investments, falling from $28.1 billion to $21.6 billion and from $22.5 billion to $20.9 billion, respectively. However, these figures tell only part of the story, as the 3rd and 4th quarters of 2024 showed dramatically different results: the value of merger and acquisition deals nearly doubled from $7.4 billion to $14.2 billion per quarter, while venture investments rose from $9.7 billion to $11.2 billion during the same period,” the KPMG report states.
Pulse of Fintech: Second Half of 2024
Analysts note that North and South America accounted for the largest share of fintech investments in the second half ($31 billion), including individual deals over $1 billion (Nuvei — $6.3 billion, Envestnet — $4.5 billion, Candescent — $2.45 billion, Transact Campus — $1.6 billion, Bridge — $1.1 billion). For comparison:
- the EMEA region attracted $7.3 billion — thanks to the acquisition of the Dutch bank Knab Bank for $561 million,
- while ASPAC attracted $5.5 billion — driven by the funding of the Philippine bank Mynt for $788 million.
The payments sector remained the hottest sub-sector of fintech in 2024, attracting $31 billion in investments, followed by digital assets and currencies ($9.1 billion) and regulatory technologies ($7.4 billion).