Axios Pro: Fintech Deals

January 03, 2023

Axios Pro Exclusive Content

Happy New Year, fintech friends. We're back!

Situational awareness: Sam Bankman-Fried will be in court today and is expected to plead not guilty to fraud and other charges.

1 big thing: 2022's M&A decline

Source: Refinitiv. Chart: Axios Visuals
Source: Refinitiv. Chart: Axios Visuals

Final 2022 deal data from Refinitiv confirms what we've known for months: M&A activity was strong by historical standards, but a far cry from the record-setting heat of 2021, Axios' Dan Primack writes.

  • Global deal value and volume were down 38% and 18%, respectively, from 2021. The declines for U.S. deals were 39% and 15%.
  • Q4 was the year's slowest quarter, after having been the busiest in 2021 and 2020.
  • The top three industry sectors remained software, oil/gas and transportation/infrastructure.

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