Thursday, June 8, 2023

Fintech is a poor investment

By DAC000 , in fintech bubble , at February 20, 2022 Tags:

according to PYMNTS newly created Fintech index. About a one minute read.

Comment: this quantitatively proves what most of us already know. What are the reasons for this underperformance? Too much liquidity sloshing about financing a ridiculous number of startups, the greater majority of which are sampling copying other startups. I’ve said this before (and taken heat for it) — how many payment apps do we need? There are an absurd and growing number of startups in this space. The bubble will burst.