It’s not news that times have changed in the world of fintech. After financial technology startups saw their fortunes rise during the venture capital boom that loosely wrapped as 2021 came to a close, they’re now suffering from a slump of a similar scale.
The damage is not unidimensional. Instead, pain around the fintech sphere is varied and multifactorial. Today, I want to run through some key data points that are jostling around my head. These include the latest from Coinbase and Klarna, where neobanks sit in the current valuation climate, and what the changing market means for venture capital dollars that poured into the sector globally during the last few years of heady private-market investment.
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