Investments in Canadian fintech companies dropped last year, amid downward pressure on company valuations, according to a report by KPMG.
The report complied by PitchBook for KPMG’s Canadian division, found there were a total of 169 investments, worth US$1.3 billion in the fintech sector last year. This was down from a record 217 deals, worth US$7 billion, in 2021.
"The number of seed round and early-stage investments is also a positive sign for the strength of Canada's fintech ecosystem going forward.” and Luna coin crash, Rush said he expects to see a “slimmed-down, more transparent and accountable cryptoasset ecosystem emerge this year.”on Monday, it found globally there were 6,006 deals in 2022, which were worth US$164 billion.YEAR AHEAD FOR FINTECH INVESTMENTS
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