UK Fintech Funding Collapses

However The City of London still leads global pack. About a one minute read.

Comment: regular readers of Fintech Flash News are aware we’ve long predicted the Fintech bubble would burst. There was far too much money in the sector driving all sorts of absurd or redundant businesses. For example, how many payment apps do we need? For about one year it seems everyone was developing a payment app, targeting different groups of proposed users. It was ridiculous and I’m glad we’re now seeing all the crappy companies and applications go away. Long overdue.