Bloomberg Law
April 7, 2020, 7:45 PM

Fintech Deals Fell Most in March Following Months-Long Decline

Olivia Rockeman
Olivia Rockeman
Bloomberg News

Deals between financial-technology firms plummeted last month as the coronavirus pandemic led companies to focus on liquidity rather than growth.

There were 142 fintech deals in March, down from 196 in February and 218 in January, marking the steepest drop in eight months of declines, figures from CB Insights show. While fintech investments were already cooling after a heated 2019, coronavirus fears accelerated the drop, said Arieh Levi, a senior analyst at CB Insights.

“If you have fewer deals and more dollars, that could be a sign of maturation,” Levi said. “When there are fewer deals and fewer ...