Neobanks collapsing

as the Fintech Bubble bursts. About a four minute read.

Comment: all together, some excellent points here. Fun fact from the article — only 5% of Neobanks were profitable last year. Yes, during the pandemic, an even that should have played to their key strengths, almost all Neobanks were losing money. Now you know why Fintech Flash News has been so negative about the need for so many Neobanks.