How Coronavirus Could Affect Fintech

This Forbes piece digs into how financial services companies might be impacted by the Coronavirus; both Visa and Mastercard have been up front with investors sharing that sales will fall short of expectations in the quarter; Visa has seen a sharp slowdown in their cross-border business concentrated on travel spending; Square is another company that might see less payments flow through the platform as consumers spend less at small businesses; the recent broad market volatility may also impact venture capital investors and how they value fintech companies; other companies mentioned in the article include Chime and and the various robo-advisors which could see fees decrease due to the stock market. Forbes

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