The banking startup Revolut has suffered a lack of $15 billion, which has brought about 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 corresponding to Atom and N26 are additionally experiencing downgrades, and even the most important neobank, NuBank, is struggling to achieve traction on the Nasdaq inventory trade with its market cap caught at $23 billion and its share value hovering round $4. Regardless of having 4 instances as many shoppers as Revolut and producing almost 5 instances as a lot income, the fact is that these fintech firms are starting to face the tough realities of the market.
Is it time fear?
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