Where Do Fintech Startups Stand During the Current Crisis

Like many other startups, fintechs face challenges with a slowdown of funding and reduced revenues; these companies are more vulnerable than legacy financial institutions as most have been in operation for less than a decade; only a subset of these startups are profitable, often relying on investor funding to see them through; a survey of 1000 tech startups broadly showed that 40% did not have enough funds to get past June with two-thirds not having the ability to make it past September; CB Insights data showed that financing activity as of March 2020 was down month over month, quarter over quarter and year over year; fintech funding is expected to hit low levels last seen in 2017; The Financial Brand shares the limited options that fintechs have available in these challenging times and more on fintech funding over time. The Financial Brand

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