In the first half of 2024, Swiss fintech startups experienced a significant downturn in funding, with investments dropping by 58.5% compared to the previous year. This decline highlights a notable shift in investor focus within the Swiss startup ecosystem.
- The number of financing rounds dropped from 30 in the first half of 2023 to just 13 in the same period of 2024.
- Investors are increasingly favoring biotech and cleantech sectors, which have seen significant growth, contrasting with the decline in fintech investments. Despite this, investor sentiment remains optimistic for future opportunities in fintech.
- While fintech funding declined significantly, the broader Swiss startup ecosystem only saw a 10% decrease in both capital raised and the number of funding rounds, indicating a sector-specific downturn in fintech.
