Thursday, 20 April, 2023

There was just one fintech unicorn birth in the first quarter

The article discusses the lack of newly-formed fintech unicorns in Q1 2023, with only one company - U.S. consumer lender Credit Karma - achieving a valuation of $1 billion or more during the period. The article examines some potential reasons for the slowdown in unicorn formation, including increased competition and regulatory scrutiny in the industry, as well as the potential for a market correction or economic downturn.