The FinTech bubble: Euphoria surrounds $1 billion Swiss ‘unicorn’ but there is no profit

The million dollar, or perhaps in this particular context, billion dollar question is, how can the new FinTech challengers become highly capitalized entities that are able to gain huge venture capital investment when there is no track record and no sign of profit?

In the financial technology sector, today’s massively high profile new startups which are paving the way ahead for the method by which retail and commercial customers will access financial markets are gaining vast sums of investment via various rounds of funding from large scale venture capital investors.

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