Like so many sectors around the world, the finance subsector known as Fintech is also grappling with the effects of the COVID-19 pandemic – not only from a drop in funding and revenue, but also in terms of what it means for people who work in the space. This sifted article suggests that up to 22% of all jobs in fintech are undeer immediate or moderate risk. While this may seem like a lot, and one fifth of jobs is no small number, the article also goes on to suggest things could be much worse. What’s holding up most of the jobs and revenue? the fact that fintech has positioned itself intelligently – as 72% of the fintech’s checked in the Beauhurst report are companies that provide back-end infrastructural financial services companies.
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