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How fintechs are responding to their falling valuations 3 weeks 4 days ago #950

Payment companies have not been immune from the correction that has hit the stock market and privately held companies across almost all industries.

The run-up in investments, high valuations and initial public offerings that followed the increase in digital payments in the pandemic’s early stage is now correcting. That decline is being exacerbated by economic pressures such as a potential recession and geopolitical tensions.

Lingering inflation could also cause a broader reduction in spending, hurting payment revenue and placing added downward pressure on fintech investments. The economic slowdown is already impacting card incentives, adding pressure to fintechs in sectors such as buy now/pay later, where there’s already a concern over run rates, a lack of profitability for many firms and potential delinquencies among borrowers if there were to be a recession.

preiposwap.com/how-fintechs-are-respondi...-falling-valuations/

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