1、August 2025KPMG.Make the Difference.Pulse of Fintech H1 2025Global analysis of fintech funding 2 2025 Copyright owned by one or more of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.#fintechpulseGiven the geopolitical situation globall

2、y,much of the fintech investment weve seen so far in 2025 has been very strategic,rather than broad-brush speculative investments.Corporates were more focused on cost cutting and on divesting non-core and underperforming assets than new deals.The increase in AI-focused fintech investment dovetails w

3、ith that.Both investors and institutional users are very keen on the potential of generative AI and agentic AI and startups that can improve efficiencies and drive value through Gen AI will command premium valuations and significant investment.Fintech-focused AI is only going to get hotter headed in

4、to the back half of 2025.Anton RuddenklauLead of Global Fintech and Innovation,Financial Services KPMG InternationalWelcome messageWhile many fintech investors were cautiously optimistic heading into 2025,the combination of headwinds from ongoing geopolitical tensions and rapidly evolving concerns o

5、ver tariffs and trade policies saw many investors continuing to hold back from making large deals except in a few hot areas like digital assets and currencies and AI.During H125,the fintech market globally attracted$44.7 billion across 2,216 deals down from$54.2 billion across 2,376 deals in H224.Q2

6、25 was particularly weak,with just$18.7 billion invested across 972 deals globally hitting lows across 8 and 31 quarters respectively.Much of this slowdown came from continued declines in M&A activity and PE investment.Global fintech M&A deal value fell from$26.7 billion in H224 to$19.9 billion in H