Financing to fintech companies fell 40% in 2023 amid a dearth of IPOs and megarounds, with companies raising an estimated $53.7 billion through the year, per FT Partners.
Why it matters: Two years into the slowdown, venture-backed startups see the ends of their cash runways, and that means 2024 will be the year for companies to hit positive cash flows, find new capital or seek other avenues.
