When it comes to getting funded, FinTechs are having trouble competing with artificial intelligence.
New data from S&P Global Market Intelligence released Monday (March 3) showed that the sector attracted $21.5 billion in venture capital (VC) investment last year, the lowest level of funding since 2016.
Several factors fueled the decline, including a drop in FinTech valuation and slowing growth rates, including in terms of factors like headcount, the report said. It has led many VC…
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