The pandemic may not have killed fintech, but inflation still could.
The resulting hike in interest rates – particularly in the US, where the Federal Reserve this week announced a further rise of 75 basis points – has negatively affected equity investments, and particularly tech firms. This year the S&P 500 has fallen by 20% and the Nasdaq by 25%, while shares in recently listed fintechs have dropped by 50%.
Technology intelligence firm CB Insights says fintech businesses raised $20.4
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