Fintech is a portmanteau of the terms “finance” as well as “technology” and also refers to any type of organization that uses technology to improve or automate financial solutions and procedures. The term encompasses a quickly expanding market that offers the rate of interests of both customers and companies in several methods. From mobile financial …

It’s turning into a sobering year for fintech. After a circus of brand-new unicorns as well as mega-funding rounds in 2021, exclusive fintech companies are currently scrambling to reduce costs and also extend the funds they need to stay clear of requiring to elevate added cash at a lower assessment (called a “down round”). Their …