Fintech VCs are readying their checkbooks as cash-strapped startup founders run out of options
Fintech funding has been on a decline from 2021's peak levels, but VCs see signs of a rebound.Four VCs outline the 'new normal" and the kinds of fintechs they want to back.
"They wanted to wait it out longer, but they don't have a choice," Davis said. Startups could be forced to look for funding options as soon as this fall. Fintechs that sell to businesses are more likely to fare better than those that sell to individual consumers , VCs told Insider. Growth-stage fintechs, those who have raised Series C and beyond, were hit much harder than their earlier-stage peers in the downturn. Most of those later-stage companies still rely on bridges and extensions, Shriner said.
And proving those financial results will be critical moving forward. Gone are the days when a founder could secure funding from a VC after only a discussion with a founder, KPMG's Ruark said.
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