Fintech beasts and where to find them. Fintech investors have pulled back dramatically, with funding in Q1 2024 falling to its lowest level since 2017. The more restrained funding environment has also put a damper on new unicorns (private companies reaching $1B+ valuations). Interestingly, Asia produced more fintech unicorns than the US for the 2nd straight quarter. Explore the trend in our State of Fintech Q1’24 Report.
Globetrotters. The unicorns joining the club are generally outside the USA, as can be seen above. In addition to hailing from different countries, they’re also attacking various sectors ranging from hospitality to accounting to blockchain/crypto. Yes, you read that right. Crypto is back. Dive into sector-specific fintech trends in the full report.
Let’s hash it out. What’s driving interest in fintech unicorns like HashKey amid the broader market downturn? Per its CBI Scouting Report, HashKey’s location and offerings make it well-positioned to benefit from (1) Hong Kong’s efforts to establish itself as a regional crypto hub and (2) the market’s increasing appetite for regulated digital asset exposure. Learn more about the company’s strengths, opportunities, and potential threats in the full Scouting Report.
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P.S. Our AI analysts recently went behind the scenes of this year’s AI 100 report. Download the briefing recording to learn more about the most promising AI startups of 2024.
