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Fintech startups are increasingly focusing on profitability Some companies tore up their 2020 roadmap to build lasting businesses Fintech startups have been massively successful over the past few years. The biggest consumer startups managed to attract millions sometimes even tens of millions of users and have raised some of the biggest funding rounds in late-stage venture capital. That’s why they’ve also reached incredible valuations. After a few wild years of growth, fintech startups are starting to act more like traditional finance companies. And yet, this year’s economic downturn has been a challenge for the current class of fintech startups: Some have grown nicely, while others have struggled, but the vast majority of them have changed their focus.

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