[TechCrunch] 7 investors reveal what’s hot in fintech in Q1 2023
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year.
However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing.
CB Insights recently found that two of the largest global VC firms, Sequoia Capital and Andreessen Horowitz, actually backed more fintech companies in 2022 than any other category. In both cases, about 25% of their overall investments went into fintech startups.
While global fintech funding slid by 46% to $75.2 billion in 2022 from 2021, it was still up 52% compared to 2020 and made up 18% of all funding globally, proving that investors still have faith in fintech’s future. (more)
We spoke with:
Charles Birnbaum, partner, Bessemer Venture Partners
Aunkur Arya, partner, Menlo Ventures
Ansaf Kareem, venture partner, Lightspeed Venture Partners
Emmalyn Shaw, managing partner, Flourish Ventures
Michael Sidgmore, partner and co-founder, Broadhaven Ventures
Ruth Foxe Blader, partner, Anthemis
Miguel Armaza, co-founder and general partner, Gilgamesh Ventures