The fintech sector has experienced a series of economic headwinds that have scattered many of the gains that companies made during the tech funding boom of 2021.
Several factors such as increased regulation and competition have made it harder for fintech companies to maintain their previous success.
This could lead to fewer innovations and higher prices for consumers as companies struggle to adapt to new challenges.
While the fintech sector faces challenges, it’s too early to say whether this is the beginning of the end. But it’s clear that companies will need to adapt to survive.