The auditing firm says fintech companies in the country garnered US$810 million in investments across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.
However, it warned the first half of 2021 was an outlier because it was considered one of the strongest quarters for investment on record. The drop in fintech investment comes amid a broader decline in the sector, which has prompted several startups and major technology firms to layoff workers and pare back spending.
While investment in energy has 10x …and I didn’t need a survey….common sense
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