KPMG reports that total venture capital, private equity and M&A investment activity in local fintechs in the first six months of the year was worth US$101.1 million - down from US$223 million in the previous corresponding period.The bulk of that money was raised by payments company Airwallex, which had a funding round in March. KPMG's The Pulse of Fintech report does not include initial public offerings, so it does not take account of Prospa's $109.6 million capital raising in May.KPMG Australia head of fintech, Dan Teper, said: "The dip in fintech in Australia is more of a pause, with major activity imminent for the second half of the year."The report details a collapse in global investment in fintech and cryptocurrency, falling from US$5 billion in 586 companies in 2018 to US$1 billion in 171 companies in the first half of this year.Sectors of the fintech market that continued to attract investment support included cybersecurity and wealthtech.