A sector-by-sector analysis of what might happen to European fintech firms during the COVID-19 crisis.
“As the coronavirus pandemic begins to weigh on the economy, fears are growing that financial startups will be hit hard, as investors invest less and consumer spending slows. Yet fintech is a broad sector, making it hard to generalise about the impact of coronavirus.”
Fintech sectors impacted by the COVID-19 crisis
- Challenger banks
- Wealth managers
- SME lending
- Consumer lending
- Mortgage challengers