PitchBook：2025年二季度零售金融科技风投趋势报告（英文版）

Q2 delivered a mixed picture for retail fintech. VC funding rose 17% QoQ to $2.2 billion but remains down 49% YoY. Deal volume remained soft, holding steady at 140 transactions as investors continue to favor B2B over B2C in fintech. The funding landscape reveals a clear bifurcation. The YTD median deal size for retail fintech grew 24% to $5.1 million—still lagging enterprise fintech, which posted a higher median of $6.5 million. One reason for this lag is that AI technology has been slower to