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Enterprise Fintech Report

Q3 2024

Enterprise Fintech Report

November 18, 2024

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Market uncertainty halts enterprise fintech’s momentum 

After a strong Q2 that signaled a potential enterprise fintech rebound, investors remained cautious in Q3, according to PitchBook’s latest Emerging Tech Research. In Q2, $5.4 billion was invested across 344 deals, while Q3 activity marked declines of 36% and 38.4%, respectively, reaching $3.4 billion deployed from 212 deals. Exit activity improved over Q2 with $2.4 billion generated in Q3, up 129.7% QoQ, though it matched Q1’s total.  

Uncertainty driven by economic conditions and the US presidential election may have halted enterprise fintech’s growth, but emerging opportunities with agentic AI applications that can autonomously handle more complex tasks could be the next big thing to hit the vertical. 

Table of contents
Vertical update 3
Q3 2024 timeline 7
Enterprise fintech VC deal summary 8
Enterprise fintech landscape 9
Enterprise fintech VC ecosystem market map 10
VC activity 11
Innovation spotlight 22
       Agentic AI in enterprise fintech 23
Select company highlight 26
       Skyfire 27
Appendix 29