Investment in Irish fintechs fell by more than a third last year

That being said, Irish fintech recorded a value increase in investment in the second half of 2022, with investments and transactions reaching $742 million. That was up significantly on the first half, when investment and transactions totalled $259 million.

Anna Scally, head of technology and media at KPMG, said investors may be inhibited by rising interest rates. “That said, M&A activity will likely increase for smaller size deals as corporates and larger fintechs take advantage of competitive valuations. We also expect that good businesses with a unique product or service will continue to attract investment from international players.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scams: Over-55s 'key target' for elaborate investment frauds - BPFIBrochures, using the names and branding of well-recognised investment schemes, are being circulated by fraudsters
Source: NewstalkFM - 🏆 19. / 55 Read more »

Elaborate investment scams on the rise, with people at retirement age the 'key target group'The scams are 'particularly targeted at those in the over 55 age bracket and with a minimum investment of €20,000'.
Source: thejournal_ie - 🏆 32. / 50 Read more »

AI start-up Klearcom raises €1.5m in new investment roundThe round has been led by Furthr VC with Enterprise Ireland and HBAN’s Bloom Equity syndicate also contributing to the round
Source: businessposthq - 🏆 8. / 71 Read more »

Consumers warned of rise in ‘highly convincing’ investment scamsFraudsters using fake product comparison sites and cold calling to scam people
Source: IrishTimes - 🏆 3. / 98 Read more »

AI start-up Klearcom raises €1.5m in new investment roundKlearcom, an artificial intelligence (AI) and machine learning (ML) start-up, has raised €1.5 million in a new round of investment
Source: businessposthq - 🏆 8. / 71 Read more »