Corona crash rips through Fintech

The sharp drop in liquidity / willingness to fund seems to be disproportionately impacting early stage Fintech startups. Which makes perfect sense given the migration to risk off stance by holders of capital. About a three-minute read.

Comment: this was long overdue. I”m active in early stage investments and we haven’t seen a unique idea pitched for well over one year. Fintech seems to have become a self-feeding reinvention of innovative and disruptive ideas, many of which are reinvented for no good reason.