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I'm trying to get the most recent update and it won't work Fuelling Innovation: Closing Fintech Funding Gaps 2024 With more than $350 billion of venture capital (VC) funding invested since 2015, fintech has become an industry with global net revenue exceeding $150 billion in 2023 and is expected to grow to $400 billion by 2028. Obtaining VC funding, however, remains a challenge for many fintech companies across regions.
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In 2022, external funding covered nearly 80% of prevention and response spending in low-income countries, while high-income nations spent significantly more per capita. Smart Spending to Combat Global Health Threats highlights the need for innovative financing, including increased multilateral development bank involvement and contributions from philanthropic initiatives and private investors. A new World Economic Forum and McKinsey report outlines five pathways to close the venture capital funding gap and enable innovation in the fintech sector. Get access to free online versions of Outlook, Word, Excel, and PowerPoint.
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