China and India Reportedly Have Highest Fintech Adoption Rate, but New VC Funds Mainly Focused on Revenue-Generating Fintechs
By Omar Faridi
Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base.
Pylarinou confirms that the valuations of later-stage Fintech companies have been “hit harder on a percentage basis,” as over 50% of these financial technology businesses don’t have enough cash to scale their operations.
Photo courtesy of Fabian Blank.