All Business Lending & Fintech

"Here’s what to expect next year"

KEY POINTS

• Top-tier startups that have three to four years of funding can ride out the storm, according to Point72 Ventures partner Pete Casella.

• The flood of venture money during the past few years led to copycat companies getting funded anytime a successful niche was identified.

• Many private companies created in recent years had one central assumption: low interest rates forever, according to TSVC partner Spencer Greene.

• Eventually, incumbents and well-financed startups will benefit, either by purchasing fintechs outright to accelerate their own development, or picking off their talent as startup workers return to banks and asset managers.

www.cnbc.com

Many fintech startups will be forced to shutter or sell themselves as they run out of funding in 2023, according to investors, founders and investment bankers.

Agree or disagree??