6 fintech investors sound off on AI, down rounds and what’s ahead

At the height of the funding boom in 2021, no single sector enjoyed as much VC money as fintech startups did. But in 2023, it appears that fintech companies have to work harder to get funding.
Global funding in the space hit a six-year low in the second quarter, according to CB Insights. Specifically, following a spike in funding in the first quarter driven by Stripe’s outlier $6.5 billion round, global fintech funding declined 48% to $7.8 billion in Q2 2023.
Valuations have also taken a hit. With only a few exceptions, once-valuable fintech firms have seen their valuations drop signific

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