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Fintech Offers Fell Most in March Following Months-Lengthy Decline

Offers between financial-technology corporations plummeted final month because the coronavirus pandemic led firms to give attention to liquidity fairly than progress.

There have been 142 fintech offers in March, down from 196 in February and 218 in January, marking the steepest drop in eight months of declines, figures from CB Insights present. Whereas fintech investments had been already cooling after a heated 2019, coronavirus fears accelerated the drop, mentioned Arieh Levi, a senior analyst at CB Insights.

“When you’ve got fewer offers and extra {dollars}, that could possibly be an indication of maturation,” Levi mentioned. “When there are fewer offers and fewer…

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Jung Min-seo

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