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Fintechs forced to be profitable faster

2022-10-05T17:56:20.739Z

DECRYPTION - Fundraising, which is vital for these finance start-ups, is drying up. They have to reinvent themselves.



Difficulties continue for finance start-ups - neobanks, specialists in split payment or insurance.

These fintechs, which are very often in losses, have been able to continue to grow in recent years because they were able to raise capital.

However, fundraising, which recently reached astronomical amounts, has dried up.

The trend at work since February worsened globally in the third quarter

.

Between July and September, the number of operations for fintechs was halved compared to the same period of 2021 and the amounts raised fell by 66%, notes a study by Crédit Agricole.

“If fundraising continues to decline, this will be a problem, because these operations were largely used to absorb losses, especially for neobanks,”

confirms Romain Liquard, co-responsible for industrial studies at Crédit Agricole.

According to the expert, until now the amount of fundraising corresponded…

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Source: lefigaro

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