Investment in Irish fintech fell by more than a third in 2022 

The fall in investment in Irish fintech would have been far greater if not for one major transaction which “significantly skewed” last year's figures. 

According to KPMG’s Pulse of Fintech H2’22 Report, Irish fintechs attracted just over $1bn (€0.94bn) in investment in 2022, down almost 37% compared with 2021 when investment stood at $1.62bn (€1.53bn).

Investment in the Irish fintech sector fell by more than a third last year, following a global trend as interest rates and cost pressures across the Eurozone continued to increase.

According to KPMG’s Pulse of Fintech H2’22 Report, Irish fintechs attracted just over $1bn (€0.94bn) in investment in 2022, down almost 37% compared with 2021 when investment stood at $1.62bn (€1.53bn).