Why Financial Technology Is Attracting Record Investment

Cumulative investment in financial technology companies exceeded $600 billion between 2010 and 2024, according to CB Insights. Even after the correction from the 2021 peak of $132 billion, fintech attracted $51.4 billion in venture capital in 2024, making it the second-largest sector for venture investment behind only artificial intelligence. The sustained capital flow into fintech reflects investor conviction that financial services, the largest industry in the global economy by revenue, is still in the early stages of technology-driven transformation.