The total value of the world’s largest fintech companies has nearly halved since the beginning of the year, at $460 billion. At the same time, the Nasdaq Composite stock index, which tracks the capitalization of technology companies , has decreased by only 29%. .
CB Insights analysts shared their market capitalization calculations for the world's largest fintech companies with the Financial Times.
If we consider the period from the beginning of 2022, the 30 largest fintechs lost around $156 billion in market capitalization, and if we look at the value of shares at their all-time high, then the drop in capitalization amounted to $460 thousand million, or about half, experts say.
The loss of investor interest in the field of financial technologies was due to fears of tightening monetary policy and falling corporate profits. At the end of 2020, revenues reached a record level in the context of the development of digitization after the start of the pandemic.
Author:
Kirill Bilyk
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
