The banking startup Revolut has suffered a lack of $15 billion, which has precipitated its worth to drop by 46%, main many to attract parallels with WeWork's disastrous try and disrupt the property rental market. This downturn in fortunes just isn’t distinctive to Revolut, as different neobanks akin to Atom and N26 are additionally experiencing downgrades, and even the biggest neobank, NuBank, is struggling to achieve traction on the Nasdaq inventory trade with its market cap caught at $23 billion and its share worth hovering round $4. Regardless of having 4 occasions as many shoppers as Revolut and producing practically 5 occasions as a lot income, the truth is that these fintech corporations are starting to face the tough realities of the market.
Is it time fear?
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