Building a fintech giant is very expensive

A look inside Monzo, Starling and Revolut’s recently reported, albeit dated results Alex Wilhelm 9 hours Venture capitalists and other investors have poured capital into fintech startups around the world in recent years, including a record number of rounds worth $100 million or more in the second quarter of 2020. In Q2 2020 venture-backed fintech startups raised 28 nine-figure rounds, underscoring the scale of the bet investors are making on fintech’s long-term success. The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or…

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