Cybersecurity

Economic instability

Inflation

Lack of investment

� ZILCH The UK-based debit and credit fintech raised US $ 50mn – and increased its valuation to $ 2bn earlier this year , despite other companies suffering hardships .

� REVOLUT The neobank evaded the crisis plaguing other fintechs due to its extensive product offerings and also recently forged a collaborative partnership with Stripe .

� KLARNA The former leading BNPL company – which grew 10-fold during the pandemic – lost $ 40bn from its valuation as a result of rising inflation and interest rates .

� AMOUNT The UK-based company laid off 18 % of its workforce recently as a result of the changing economic climate , which is leading to industry hiring freezes .

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