Last year, as the pandemic continued to push more buying and banking online and the price of both bitcoin and tech stocks climbed, venture capitalists poured money into fintech— a total of $133 billion globally, almost three times the $49 billion they invested the year before, according to CB Insights.
That flood of capital carried so many promising startups to the next level that our job at Forbes of whittling down the fintech universe to the 50 most innovative startups was the hardest it’s ever been. In fact, there were so many intriguing candidates that half of our picks on this list, our seventh annual Fintech 50, have never appeared on the list before. That’s the highest number of newcomers we’ve had since the list debuted in 2015.
Speaking of “whittling down” I wonder what impact the ongoing BitCoin crash will do to this market and these startups.