Fintech

Glimmers of hope in fintech as funding rises

Clearer path to profitability and not just strategies for growth critical for investors

While there has been a slight rise in funding volume, investors remain cautious. Picture: Getty

Investors in fintech are shifting more of their focus to profitability but there are glimmers to be found with a slight bump in funding volumes.

That’s according to a report from tech investment bank DrakeStar that shows VC firms are sticking to the trend that emerged in late 2022 whereby investors wanted to see a clearer path to profitability and not just strategies for growth.

Despite that uncertainty, driven by a downturn in the tech ...