, leading to a shift towards safer investments with greater focus on profitability and away from cash-burning firms.
In comparison, the first half of 2022 saw $834.1-million invested across 109 deals. In the second half, $1.09-billion was invested across 87 deals, the report said.
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Canadian fintech investment shrinks in first half of 2023Investment in Canada's financial technology sector was reduced to less than half in the first six months of 2023 from last year, according to a report from accounting firm KPMG on Thursday. Startup valuations across the technology spectrum have been hit as high-interest rates and worries over a looming economic slowdown sour investor appetite, leading to a shift towards safer investments with greater focus on profitability and away from cash-burning firms.
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