Monday
June 1
2020

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.

Source: Crowdfund Insider (link opens in a new window)

Categories
Entrepreneurship, Finance, NextBillion Originals
Tags
blockchain, business, financial health, fintech, investing, startups, technology