We speak to SVP of Go To Market, Global Enterprise at Worldpay from FIS, Maria Prados, about her views on the current fintech investment market.
As Prados puts it: “2021 was a crazy year for fintech investment. It was very difficult to match in 2022, given the forecasts then of interest rates going up, the prospects of a recession in some countries, and political instability.
“This has made the markets more cautious in general. So we’ve started to see less of these mega US$1bn deals happening at the end of 2022. It was at this time venture capitalists started to look at more stable companies with less associated risks.
“Regardless of the market, we’re seeing that fintech remains the place to invest; there’s still lots happening in the space and an abundance of innovation.”
For more from our chat with Prada, you can watch the video above or on the FinTech Magazine LinkedIn page.