Fuelling Innovation: Closing Fintech Funding Gaps
With more than $350 billion of venture capital (VC) funding invested since 2015, fintech has become an industry with global net revenue exceeding $150 billion in 2023 and is expected to grow to $400 billion by 2028. Obtaining VC funding, however, remains a challenge for many fintech companies across regions.
With more than $350 billion of venture capital (VC) funding invested since 2015, fintech has become an industry with global net revenue exceeding $150 billion in 2023 and is expected to grow to $400 billion by 2028. Obtaining VC funding, however, remains a challenge for many fintech companies across regions.
This white paper, developed in collaboration with McKinsey & Company, examines where fintech funding gaps exist across regions and outlines strategies to bridge them, aiming to help build a more robust fintech ecosystem. The white paper highlights five key pathways: investing in digital public infrastructure, enhancing regulatory clarity, nurturing talent, developing local financing capacity and encouraging sustainable fintech growth strategies.
Based on primary research, quantitative analysis, stakeholder interviews and thematic workshops, this white paper adds value to the ongoing efforts by public and private sector leaders seeking to further develop a thriving fintech ecosystem.