Asia’s fintech firms raise $2.3b as deals slow in Q2 2026

Only 116 transactions were recorded during the quarter.

Asia’s financial technology (fintech) industry raised $2.3b across 116 deals, up from $1.7b in Q1 2026, but deal activity slowed across most major regions.

Asia’s share of global deals was 19%, unchanged from the previous quarter, according to CB Insights.

Global fintech companies raised $11.7b in Q2, down 20% from the previous quarter. 

The number of deals fell 25% quarter on quarter to 726, the lowest quarterly total in more than four years. 

The median deal size, however, was up 19% year to date to $5.1m, suggesting investors were putting more money into fewer transactions.

The US remained the largest fintech market, with $5.1b raised across 273 deals.

This was down from $6.7b and 361 deals in Q1. Despite the decline, the US accounted for 45% of global fintech deals in Q2, compared with 46% in the previous quarter.

Europe recorded $2.5b in funding across 154 deals, up slightly from $2.4b in Q1, although deal numbers fell from 161. Europe accounted for 25% of global deal activity in Q2.

Latin America recorded $1.1b across 24 deals, compared with $700m from 37 deals in Q1. Africa attracted $72m across 13 deals, down from $300m and 16 deals. 

Canada raised $200m through 13 deals, up from $85m in Q1, while Oceania recorded about $100m from eight deals.

Digital banking was one of the stronger areas during the quarter. Funding in the sector rose 96% quarter on quarter to $2.6b, even as the number of deals slipped 4%. 

Three large funding rounds accounted for 49% of the total: Ramp raised $750m, Airwallex $320m and Mercury $200m.

Four fintech companies became unicorns in Q2, down from eight in Q1. Digital Asset and Rogo were valued at $2b each, Slash at $1.4b and Nesto at $1.1b.

Three of the four companies are based in the US.

Fintech companies also recorded four initial public offerings during the quarter, the lowest quarterly number in more than four years and down 64% from Q1.

Merger and acquisition activity fell to 203 deals. 

The quarter’s largest exit was the $1.1b acquisition of Russian neobank Tochka by Interros Holding.