Financial position in Banks JP Morgan, Bank of America, Bank of America and Wells Fargo. Under the new economic situation, fintech companies are under pressure. Proptech companies face mass layoffs in 2019 as rising mortgage rates and inflation scare off would-be homebuyers. Even the largest fintech companies are under pressure from slowing e-commerce activity and are cutting costs. This shift has weakened fintech’s position in the venture capital market, accounting for 50% of all venture capital investments in the global market this year.
The peak in the second quarter of this year
One percentage point lower. Card terminal maker Kuwait Mobile Database and Fuji Corp. Proptech companies face mass layoffs in 2019 as rising mortgage rates and inflation scare off potential homebuyers. Even the largest fintech companies are under pressure from slowing e-commerce activity and are cutting costs. The shift has weakened with the sector attracting just 50 percent of all venture capital in the global market in the fourth quarter of this year. This is higher than in the second quarter of 2019.
One percent lower than the peak
Card terminal maker and Fuji Corp. Proptech WS Database IN companies face mass layoffs in 2019 as rising mortgage rates and inflation scare off potential homebuyers. Even the largest fintech companies are under pressure from slowing e-commerce activity and are cutting costs. This shift has weakened fintech’s presence in the venture capital market, with the sector attracting just 50% of all venture capital in the global market in the fourth quarter of this year. This is one hundred below the peak in the second quarter of 2019.
