Fintech needs to grow up, and quick, to survive ...Middle East

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Fintech needs to grow up, and quick, to survive
The fintech startup funding ecosystem has changed significantly over the past 24 months, creating an entirely new rulebook for companies chasing investor capital. Plans to scale at all costs will no longer win over investors, so fintech founders need to show a path to smart, sustainable and ultimately profitable growth. Prior to 2022, fintech startups were exploding. The pandemic fueled visions of agile, mobile financial services. Low interest rates meant that investors were chasing returns by deploying large amounts of capital into fintechs, focused primarily on scaling quickly. Startups of all kinds were a huge beneficiary, with 2021 shattering all records for startup financings

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