Payments remain the darling of the fintech space

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann

Last week, I dug into CB Insights’ State of Fintech 2022 report. We’ve already discussed ad nauseam that fintech funding is not just down, but also way down.

And I’m not foolish enough to try and make any real predictions about the state of fintech in 2023.

Instead, I’m going to highlight some specific findings of that report that stood out to me and that I didn’t already write about.

Digital lending funding was down 53% to $11.5 billion in 2022. Dollars raised and…