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 away would-be homebuyers. Even the biggest fintech companies are under pressure 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.
That’s more than the peak in the second quarter
One percentage point lower. Card terminal maker and Fuji Russia Mobile Database 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. This shift weakened fintech’s presence in the venture capital market, with the sector attracting only 50% of all venture capital in of this year. This is higher than in the second quarter of 2019.
One percent lower than the peak
Terminal makers and Fuji Corp. Proptech companies WS Database IN 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.