Financial services thought leader Chris Skinner wrote a critical piece on the possibly poisonous trend of Fintech unicorn valuations. “In 2018, Revolut made a net loss of £32.8 million ($40 million) on revenues of £58.2 million ($70 million), doubling the level of losses it made in 2017. Revolut is not alone in being valued way beyond rational amounts. In fact, most of the neo and challenger banks are way up there and seem to be too big (or valued too high) to fail. Basically the newcomers will have to become more like a digital brother of the banks your parents bank with.

Source: Forbes February 05, 2020 14:48 UTC