Fintech is It's been a while since business has been in decline, and with companies like Brex once again cutting jobs to keep costs down, it's no wonder the market for financial technology products is struggling. .
No, it's not.
Brex may not have had a great quarter, but there's enough positive news from the fintech world to offset any negativity across the sector. Bilt Rewards’ new large round is a great example of the other side of the coin. The compensation-focused startup just raised nine-figure funding, significantly surpassing its unicorn valuation.
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Elsewhere, BNPL giant Klarna is hard at work restructuring its business for greater profits and continued growth. Yes, while there has been a significant lack of fintech company listings recently, capital is flowing into the sector as venture investors remain cautiously optimistic about the fintech space.
So which startups are garnering the most praise from investors? Today we can answer that question with relative ease, thanks to a new list compiled by GGV US. This list features 50 fintech startups that venture capitalists think are interesting. We also spoke to Hans Tung, his partner at GGV Managing, about what he sees in this space today.
We'll talk more about the subsectors in a moment, but if you want to get down to business, lending, financial management, and the CFO stack are some of the pieces of the fintech puzzle that are worth exploring.
(2021) Problems with fintech
Before we dig into the good news, let's talk about the story. Why does fintech seem to be stuck in first gear today? Much of the current anxiety likely stems from several sources. generally strong A startup that raised a lot of money at a very high valuation a few years ago. These large-scale financings often led to overemployment and high stock prices that don't meet today's standards.