European FinTech seed deal activity reached 119 deals in total for Q4 2022, a 31% drop from Q3 2022 levels. A continued drop in FinTech seed deals is likely to happen in 2023 as the Euro area increases their interest rates to 2.5% in December 2022. This increases the cost of borrowing, which directly affects FinTech funding. The UK was the most active FinTech seed deal country in Q4, with UK-based companies raising 27 deals in total - a 23% share of total deals. The UK had one more FinTech deal in Q4, compared to the previous quarter. France was the second most active with 17 deals and Germany was third with 11 deals. Source: FinTech Global #donedeal #fintech #financialtechnology #fintechindustry #fintechstartups #venturecapital #vcfunding #angelinvesting #angelinvestors #fintechnews
