Fintech jobs cuts are up 7x on last year – here's why
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While redundancies at tech leaders like Amazon, Meta and Twitter grab the headlines, fintechs are also shedding staff
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Reduced funding access is pushing down valuations, forcing firms to cut cash burn and shorten the path to profitability
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Emerging market fintechs are not immune from these trends though early-stage deals have yet to fully re-price
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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