Funding to the payments space sees its largest quarterly drop since 2020.
Global payments funding fell 43% quarter-over-quarter (QoQ) to hit $5.1B — its lowest level since Q4’20. Deals also fell 18% QoQ to reach 256.
Mega-rounds also hit a 6-quarter low in Q2’22, falling 39% QoQ to 14 deals. This was the first time in 5 quarters that the space saw fewer than 20 mega-rounds.
Below, check out a handful of highlights from our 83-page, data-driven State of Payments Q2’22 Report.
For more on the broader fintech landscape, download the State of Fintech Q2’22 Report.
Here are some of the payments highlights from Q2’22:
- Mega-round funding totaled $2.9B, a 39% drop from last quarter.
- Just 7 payments unicorns were born, marking the first time this figure has fallen below 10 since Q4’20.
- Funding to Asia-based payments companies reached $2.2B, outpacing the US for the first time since Q1’20.
- Early-stage deal share reached a new high at 63%. The majority of early-stage activity went to companies based outside of the US.
- The median late-stage deal size plummeted 60% YoY, reaching $50M in 2022 so far.
Download our Q2’22 State of Payments Report to dive into all these trends and more.
