The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have felt that pain as much as any market; digital banks and payments companies have seen a boost since March, while online lenders and some other firms are struggling to survive; Jillian Williams, Investment Principal at Anthemis, says that venture capital funding of fintechs has been a bubble; “You might say there’s been a bubble,” she said to American Banker. “There are hundreds of fintech companies that I expect will run out of money in the next year or so.”; on the other side of the equation you have firms like Square, PayPal, Marqeta and Chime who have been well positioned to succeed during this time; embedded finance could also see a big jump in the next year, all types of firms are looking to add payments or other financial services to their offerings to make processes more seamless across our everyday lives. American Banker.
