Annual fintech funding worldwide (2016-2021)

Global fintech funding will smash all records next year. The sector raised $94.7 billion in the first three quarters of 2021 alone, just $200 million shy of total funding from the past two years combined.

Fintech will use funds to deliver financial health to neglected customer segments. Inclusion, employee wellness, and credit access will be key focus areas. Emerging neobanks will increasingly target narrow customer segments in 2022, following the successful rise of Greenwood, First Boulevard, and Daylight that serve the Black, Latinx, and LGBT communities. Furthermore, we anticipate greater focus on the needs of hourly and salaried workers from fintechs such as Origin and CloudPay that offer in-demand services such as earned wage access. Lastly, a number of funding rounds for credit-building solutions—and heavyweights JPMorgan and Wells Fargo expanding credit access to previously ineligible consumers—indicate 2022 will end with a record number of consumers into the US credit system.