The fintech sector's making a serious comeback. According to Nigel Morris, who co-founded Capital One, roughly 69% of publicly traded fintech companies are now profitable—a dramatic shift from where things stood back in 2021.



What's even more telling? Revenue multiples have climbed from around 3x to approximately 5.5x over the past couple years. That's not just recovery, that's renewed investor confidence in the space. The numbers suggest the fintech shake-out might be behind us, with sustainable business models finally winning out over pure growth plays.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
RumbleValidatorvip
· 9h ago
69% is indeed an impressive figure, but the key is still that 5.5x multiple—that's the real indicator of the market's recovery. What does it mean to go from 3x to 5.5x? It means investors are finally talking about efficiency and sustainability, rather than continuing the cash-burning game. The 2021 playbook should have been disproven long ago.
View OriginalReply0
SmartMoneyWalletvip
· 9h ago
69% profit? It's just a smokescreen of capital operations. Take a look at the real cash flow of these companies first.
View OriginalReply0
GasFeeCriervip
· 9h ago
Is it really 69%? Around this time last year, we were still struggling to hold on, but now we're profitable. If the consolidation period is over, then so be it. Finally, the word "sustainable" isn't just empty talk anymore.
View OriginalReply0
SilentObservervip
· 9h ago
69% of projects are profitable? Looks like the crypto space is finally becoming rational.
View OriginalReply0
TooScaredToSellvip
· 9h ago
69% profit? That number sounds nice, but after all the casualties in 2021, it's not easy for anyone to have made it through now.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)