THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success
|05/26/2017||Posted by BusinessMediaguide.Com under General World News||
Most fintechs, even the unicorns, aren’t profitable.
Despite having innovative ideas and live products that are successfully disrupting the financial services industry, these fintechs’ business models are increasingly proving to be fundamentally flawed.
In a new report, BI Intelligence explores the reasons why fintechs are struggling to turn a profit, providing examples of the unique problems each segment of fintech faces. We also outline what some firms are doing to overcome these challenges, and highlight the key factors to be considered by fintechs, and their investors, if they want to reach profitability.
Here are some of the key takeaways from the report: