Aug 17 (Reuters) - Investment in Canada's financial technology sector was reduced to less than half in the first six months of 2023 from last year, according to a report from accounting firm KPMG on Thursday.
Reuters GraphicsIn comparison, the first half of 2022 saw $834.1 million invested across 109 deals.
In the second half, $1.09 billion was invested across 87 deals, the report said.
"We could see some stability coming back to financing markets by the end of 2023 or early 2024.
Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons:
PitchBook, Geoff Rush, Georges Pigeon, Manya Saini, Krishna Chandra
Organizations:
KPMG, Reuters, Canada, Thomson
Locations:
Canada, Bengaluru