Irish fintech sector sees large drop in funding amid investors caution 

This contraction reflects broader market trends as the global fintech sector faces 'economic headwinds and cautious investor sentiment'

Investment in the sector is expected to steadily grow in 2025 as confidence returns with rising deal volumes. File picture: iStock

Funding to the Irish fintech companies has seen a significant decline during the first half of this year with just €22m invested as the sector globally faces cautious investor sentiment, a new report has found.

According to the State of European Fintech report published by investment firm Finch Capital, funding to the Irish fintech sector hit €22m between January and June. This excludes a single large outlier deal agreed in March which saw Dublin-based software firm SoftCo acquired by private equity firm Keensight Capital in a deal reportedly worth over €100m.