It may be an understatement to say the fintech market has been a hot-button topic in recent years. From the Robinhood fiasco to a startup boom reminiscent of the dot com craze, both average consumers and venture capitalists are keeping a steady finger on the FinTech pulse.
But, like most industries, fintech suffered during the emergence of COVID-19. Mckinsey reported “investment into the sector dropped by 11% globally” during the first six months of 2020 when “compared to the same period in 2019.” An 18% drop in investing during July was even more precipitous. But, do these figures represent the industry slowing from a sprint to a crawl?