While the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report.
Specifically, the Fintech Index — which tracks the performance of emerging, publicly traded financial technology companies — was down a staggering 72% in 2022, according to F-Prime Capital’s State of Fintech 2022 report. After hitting a peak of $1.3 trillion in late 2021, the F-Prime Fintech Index slid to $397 billion by the end of 2022.
Currently, the Fintech Index comprises 55 companies across B2B SAAS, payments, banking, wealth and asset management, l
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