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The KPMG Fintech Pulse report for February 2023 found that global fintech investment saw a $40 billion drop compared to 2021's high. However, deal volume was still robust, with the second highest total ever. Seed deals saw record investment, indicating a strong long-term fintech pipeline. Regtech investment soared to a new high, while the Asia-Pacific region also saw a new peak. In H2'22 alone, 24 different countries attracted $100 million+ fintech deals, reflecting the diverse value propositions offered by fintech around the world. The fintech market saw both highs and lows in 2022, with surging investment in regtech and rapidly cooling investment in cryptocurrencies and crypto exchanges.