United

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 Europe experienced a 50% fall in fintech investments in the first half of 2023. 
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<div class="cointelegraph"> 
 In the midst of the global <a rel="noopener noreferrer nofollow" title="fintech" href="https://thebittimes.com/tag/fintech.html">fintech</a> market downturn, the crypto and blockchain sector managed to become a leader in <a rel="noopener noreferrer nofollow" title="investments" href="https://thebittimes.com/tag/investments.html">investments</a> in a number of major European markets.&nbsp; 
 According to the report “State of European FinTech”, released&nbsp;by the Amsterdam-based <a rel="noopener noreferrer nofollow" title="fintech" href="https://thebittimes.com/tag/fintech.html">fintech</a> venture fund Finch Capital, Europe, Middle East and Africa (EMEA) region experienced a 50% drop in <a rel="noopener noreferrer nofollow" title="fintech" href="https://thebittimes.com/tag/fintech.html">fintech</a> <a rel="noopener noreferrer nofollow" title="investments" href="https://thebittimes.com/tag/investments.html">investments</a> in the first half of 2023. The total amount of funding fell from $27.3 billion in H1 2022 to $11.2 billion in H1 2023. 
 However, crypto businesses stand out in the overall picture, gaining a leading position in investments attracted across several large markets. In the United Kingdom, the blockchain and crypto sector grabbed a 28% share of all the deals, struck in fintech in H1 2023. This number is even higher in the Netherlands — 35% of all deals. In Germany and France, the crypto’s share constitutes 27% and 29% respectively. 
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 The main competitor of crypto is the lending sector, which appeared to be the leader in market share in Ireland and overall across the region in terms of deal volume. 
 Despite the bearish tendencies in <a rel="noopener noreferrer nofollow" title="fintech" href="https://thebittimes.com/tag/fintech.html">fintech</a> as a whole, the interest of investors in the digital economy appears solid. According to another recent report, 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. 
 Moreover, some crypto companies still report significant gains. For example, European digital asset manager CoinShares revealed a total revenue of 20.3 million pounds ($25.9 million) in Q2 2023, a 33% increase compared with the prior year’s quarter. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-ahead-in-fintech-investments-in-france-and-germany-in-2023-report-tbt62554.html">https://thebittimes.com/crypto-ahead-in-fintech-investments-in-france-and-germany-in-2023-report-tbt62554.html</a>

Crypto ahead in fintech investments in France and Germany in 2023: Report

TheBitTimes

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