There was just one fintech unicorn birth in the first quarter

Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights’ latest State of Fintech report. 
While this generally may seem like a win, it’s important to note a few things. For one, 2020 and 2021 were unique years where investment in fintech broke records. By comparison, fintech funding amounted to $75.2 billion in all of 2022, down 46% compared with a staggering $131.5 billion raised in 2021. From the numbers for the first quarter, it’s clear that the market is working on a correction. 
Secondly, of the $15 billio

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