It was fintech has been in the dumps for a while now, with companies like Brix once again cutting staff as they try to rein in CostsYou would be forgiven for assuming that the market for fintech products is suffering.
Well, not really.
Brexit may not have had a good couple of quarters, but there is enough positive news from the world of fintech to offset all the negativity surrounding the sector. Bilt Rewards’ new mega round is a good example of the other side of the coin: The rewards-focused startup just raised nine figures at a much higher unicorn valuation.
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Elsewhere, BNPL giant Klarna has been busy realigning its business to deliver more profits and continued growth. So, yes, while there has been a glaring lack of fintech companies going public recently, capital is flowing into the sector because venture investors remain cautiously optimistic about it.
So, which startups are getting the most praise from investors? We can answer this question relatively easily today thanks to A New list compiled by GGV US Highlights 50 fintech startups that venture capitalists think are hot. We also spoke to GGV Managing Partner Hans Tung about what he sees in the sector today.
We’ll dive into the sub-sectors soon, but if you want to cut to the chase: lending, treasury management, and the CFO stack are pieces of the fintech puzzle worth investigating.
Problem (2021) FinTech
Before we dive into the good news, let’s talk stories. Why does fintech seem stuck in first gear today? Much of the current anxiety is likely to arise from a number of matters Overall strong Startups that have raised a lot with very high valuations for several years. These massive fundraising operations often led to over-hiring and stock prices that did not meet today’s standards.