Recent events have negatively impacted fintech funding. CB Insights recently published data comparing fintech financing activity in the first quarter 2020 compared to the same quarter in prior years. While, for example, in each of the prior three years there were between 200 and 300 deals completed each month in the first quarter, in the first quarter 2020, monthly deal volumes declined to under 200 each month. The decline in deal activity has affected volumes in Asia, Europe and North America. The data shows that through the end of March 2020, both dollars raised and number of financings for fintech companies are down month-over-month, quarter-over-quarter, and year-over-year. Based on the current pace of funding activity, funding for fintech companies in the first quarter 2020 will settle at approximately $6 billion, which is comparable to the lows recorded in 2017.