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Crypto Becomes the Go-To for 1 in 3 European FinTechs amid 70% Funding Plunge

Crypto Becomes the Go-To for 1 in 3 European FinTechs amid 70% Funding Plunge
The European fintech sector is grappling with adverse changes, with a decline of 70% in funding for H1 2023 compared to the same period last year. Amid these challenges, the industry is shifting its focus towards profitability and long-term sustainability. The cryptocurrency industry is taking the lead, currently attracting the most capital.The Funding Drought in FinTechThe newest report by Finch Capital highlights that the total capital raised in the European fintech sector for H1 2023 was €4.6... Read More
Posted: Sep 13 2023, 07:00
Author Name: financemagnates
Views: 091210

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