Where Do Fintech Startups Stand During the Current Crisis

Like many other startups, fintechs face challenges with a slowdown of funding and reduced revenues; these companies are more vulnerable than legacy financial institutions as most have been in operation for less than a decade; only a subset of these startups are profitable, often relying on investor funding to see them through; a survey of 1000 tech startups broadly showed that 40% did not have enough funds to get past June with two-thirds not having the ability to make it past September; CB Insights data showed that financing activity as of March 2020 was down month over month, quarter over quarter and year over year; fintech funding is expected to hit low levels last seen in 2017; The Financial Brand shares the limited options that fintechs have available in these challenging times and more on fintech funding over time. The Financial Brand

About the Author

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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