August 15, 2016
Doubts over business models and decreased funding
Hardly anyone would better feel the burden of ‘overnight’ success than the Ivy League of FinTech as it has experienced lately. A range of FinTech unicorns have been found themselves in puzzling market situations recently and have given reason for extra thought to investors and admirers regarding their true standing in the marketplace.
Overall, in Q1 2016, FinTech companies raised $1.32 billion in total funding globally, compared with $1.77 billion raised in Q1 2016. On a YoY basis, dollar funding in Q2 2016 was lower by 51% from the $2.71 billion closed in the year-ago period.
Regardless, some editions covering foreign markets have noticed that tech startups ...