Fintech financing boom still well underway

The backing of financial technology firms saw a sizable 20% jump in 2020, and analysts in the space expect this trend to continue as growth is expected in a variety of investment-oriented apps.

According to an S&P Global Market Intelligence fintech report released earlier this week, the factors that fueled venture capital activity in 2020 remain in place, namely low interest rates, an open IPO window, robust M&A activity and increasing digital adoption from consumers.

Venture capital funding to private U.S.-based fintechs saw some slowdown as the pandemic . . .

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