Fintech startups were hot news before the COVID 19 era, but the pandemic has not taken the sector off the headlines.
Companies that released optimistic news a few weeks ago are now cutting staff. Others face a flood of users who are trying to find their financial basis given the uncertainty. Some fintech stores share data on the pile, while others refuse to pay out a bite.
And what about all of these credit card startups?
As a startup category, fintech is at a complex point as global markets are losing value. Small businesses hampered by local orders are looking for alternative sources of capital, and individuals are striving to secure their financial health.
It is a time of utmost use ̵
Here is a brief, satisfactory look at the world of fintech. We'll start with what we know is having trouble moving to companies that are either quiet or unclear in their recent performance, and we'll close with some companies that are in the strange world we are in to perform well.
Who is fighting?
The leap from rapid growth and layoffs was quick for many space players. A number of companies that we recently reported have changed their assets rapidly.