and seems to be intensifying. Not only are we seeing losses from established and operating Fintechs getting worse, Financial damage, driven by COVID, has forced many investors to withdraw funding. About a four minute read.
Comment: regular readers will remember I long ago predicted a withdrawal of funding, simply because there were too many startups being formed and too few unique ideas emerging. Another prediction: we’re going to see incumbent acquisitions of Fintech startups surge, as financial weakness renders them vulnerable.