When it comes to Fintech, it appears as though the bloom is finally coming off the rose. Once the hottest sector around, fintech has seen its fair share of failures and struggles as of late.
Everyone from online lenders to bank technology companies has experienced elongated fund-raising cycles, missed targets, and mounting losses.
Right now, the pain is most acute in the online lending space, with industry juggernauts like OnDeck, Lending Club, and CAN Capital seeing depressed stock prices or worse.
Two years ago, I wrote about the potential pitfalls facing online lenders; now, I’m convinced that the contagion that plagued that space is beginning to spread to other aspects of the fintech sector…
Read more : Forbes, 07.02.2017