In the first half of 2024, Irish fintech funding plummeted by 90%, with only €22 million raised compared to €212 million during the same period in 2023, according to Finch Capital's report. This drop mirrors global trends, with cautious investor sentiment and economic challenges. Despite the downturn, experts expect a recovery in 2025 as investor confidence rebounds.
In Europe, fintech job growth and steady deal volumes in the UK and Netherlands signal potential resilience, with a shift towards more sustainable, profit-focused companies.
Key Points:
- Irish fintech funding fell 90% in 2024, raising €22 million.
- Largest deal was €10 million for Zartis.
- Global economic challenges affected investor confidence.
- Recovery expected in 2025 with more focus on sustainable growth.
