Startups YC batch shows founders remain optimistic about fintech •...

YC batch shows founders remain optimistic about fintech •


- Advertisment -

You can’t stop fintech startups. After raising staggering amounts of capital through 2021, the financial technology startup industry hit a valuation wall this year as public markets pulled back, taking many previously high-flying fintech giants. Late-stage fintech startups got caught up in the wave of revaluations.

Smaller fintech startups appear to be equally vulnerable, recently data from the seed market showed. And yet, if you look again at the recent cohort of startups that went through the American accelerator Y Combinator, you couldn’t really tell that fintech had lost much of the founder’s favor.

Of the 223 companies that participated in the latest Y Combinator batch — not counting the companies that participated while operating under the radar — 79 had a fintech theme of enough weight to place them in the category, according to a Demo Day page. sorted by the accelerator. That’s a big portion.

The Exchange explores startups, markets and money.

Read it every morning on or get The Exchange’s newsletter every Saturday.

There is no shame in being optimistic against the market; you could argue that startups by definition need at least some of it to get off the ground. But we were a little surprised to see not only so many fintech startups in general in the group, but also new names in categories that felt too full, or maybe even passé, in our view. Again, optimism against the market is not an offense – it is a gamble.

Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.


Please enter your comment!
Please enter your name here

Latest news

The Untold Truth of Tig Notaro’s Wife – Stephanie Allynne

Who is Stephanie Allynne? Born on September 19, 1986 in Claremont, California, USA, Stephanie Allynne is an actress, but possibly...

Are people throwing away your company swag? Five tips for better end-of-year gifts

Lou Elliott-Cysewski, co-founder and CEO of Coolperxthe world's first climate-neutral branded goods company. It's the dirty little secret of corporate...

How companies can accelerate transformation

Couldn't attend Transform 2022? Check out all the top sessions in our on-demand library now! Look here....

3 No-Brainer Stocks to Buy During the Bear Market

The stock market is definitely in bear market territory and is now flirting with new 2022 lows. Clearly significant...
- Advertisement -

NASA’s Artemis I Launch Has Been Officially Delayed Until November

Hurricane Ian arrived in Florida as a Category 4 hurricane, but weakened to a tropical storm by the time...

Meta plans workforce freeze, NASA shoots down an asteroid, and Elon’s tweets are made public •

Hello all! Welcome back to Week in Review, the newsletter where we quickly list some of the most-read...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you