Caution Among Banks Has Made Loans Scarce for Fintechs

While recent news has suggested that this summer’s market tribulations might not be the end of the world for fintechs, and runaway inflation has been halted for the moment, it’s still tougher than ever for fintechs dealing in money lending to attract the confidence of investors. With banks requiring deposits for loans and interest rates still increasing, many fintechs are struggling to find investors for the long haul...