Beyond the chart: Like many other sectors, fintech is seeing funding activity cool off as caution grows among investors. Public companies like Affirm and Coinbase have also taken a tumble, losing tens of billions of dollars from their market cap so far this year.
There’s still money out there for fintechs, but with most neobanks still unable to turn a profit, regulations coming for buy now, pay later services, and a chill falling over the cryptocurrency world, firms must stand out to attract investors.
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