Value of investment in fintech globally 2014-2023, by select segments
The payments segment of the global fintech industry attracted the highest value of investment worldwide between 2014 and 2023. In 2023, the value of investment into this segment amounted to 20.7 billion U.S. dollars, which was a sharp decrease compared to the previous years. Almost every other segment experienced a similar drop in investments in 2023. There were, however, two fintech segments that attracted more investment in 2023 than in 2022: insurtech and ESG/greentech. The value of investment into insurtech increased from 5.9 billion U.S. dollars to 8.1 billion U.S. dollars, and ESG/greentech saw a total investment value of 2.3 billion U.S. dollars in 2023. Note that the figures provided are only a snapshot of the fintech industry. The mentioned segments do not add up to the total investment figure for fintech worldwide. The source does not explain why this is the case.