Weekly Analysis and Opinion Highlights – 23 January 2023

And we’re kicking off the week with new analysis and opinions on fintech with new finance space for 2023, payments, crypto, fintech stocks and more. Dive into the latest fintech insights and have a great start of the week! 

Payments remain the darling of the fintech space (TechCrunch)
Digital lending funding was down 53% to $11.5 billion in 2022. Dollars raised and deal volume in the fourth quarter dropped to their lowest levels since 2020 — with $1.6 billion raised across 121 deals. That’s a big drop even from just the first quarter of 2022, in which we saw $5.3 billion raised across 198 deals. Read more

Bitcoin Bull Run To Continue – Analyst Maps Potential High Levels (CoinPedia)
DonAlt, a pseudonymous trader, tells his 449,000 Twitter followers that bears are in a precarious position following Bitcoin’s run from $15,731 in November to its Thursday high of $19,117. The analyst released a chart at the beginning of January depicting important levels of resistance that BTC must overcome in order to sustain momentum. So far, Bitcoin has performed as he had intended. The top cryptocurrency by market size is already performing a lot better. Read more

Fintech Stocks Lag Behind The Rest Of The Market — Should You Buy Or Sell? (Forbes)
Before we look at fintech stocks, we must address the concept of fintech, which combines finance and technology. This general term often refers to any business focused on applying new technology to a financial business. The business services in this space include payment processing, online banking, mobile banking, peer-to-peer lending, financial software, financial services and investment services. Read more

Bitcoin Remains in Uptrend But Experts Don’t Think this is a Breakthrough! What Next For BTC Price? (CoinPedia)
Even though Bitcoin price has been on the rise recently, some remain skeptical that the correction is really underway, instead seeing the current upswing as a bull trap rather than a breakthrough signaling the end of the bear market. Despite this, the biggest cryptocurrency has maintained its recent gains and seems to continue shocking market watchers. Read more

3 Fintech Stocks to Buy Before the Bear Market Is Over (Nasdaq)
The financial industry is one of the cornerstones of the economy; it’s worth nearly $5 trillion in the U.S. alone. But the waters can get choppy at times, including now, as rapidly rising interest rates put a squeeze on credit. There are financial technology companies that are bringing innovation to consumers, but tougher credit markets have hurt their businesses. This could be an opportunity for long-term investors; these three stocks are poised to flourish when economic conditions ease up, so consider them before the bear market ends. Read more

What to watch in fintechs’ Q4 earnings (American Banker)
Large neobanks and online lenders will address the financial wellness of consumers, the security of their balance sheets and what they think 2023 will hold for the economy in their fourth-quarter earnings calls, according to analysts. Fintechs that offer loans, like SoFi, LendingClub and Oportun, had a turbulent year as rising interest rates hindered their ability to sell loans and inflation strained consumer credit, and analysts don’t have an overly optimistic near-term outlook for the companies. However, customer demand for challenger banks should still be strong, especially as fourth-quarter holidays drove travel and spending.

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