by market cap. Note the article also discuses
“a broader issue: an overall reduction in fintech funding generally”. About a two minute read.
Comment: and again we see the Fintech Party is OVER. As recently as three years ago, all you needed was a halfway decent elevator pitch and you were good for an initial round of funding. But then investors started to ask how many online banking apps / payment apps / aggregators / etc does the market need? And so securing funds started to get more difficult. Investors expected results. And so here we are, deep in The Corona Crash and the money is gone.