Login
You are...
Products
Business account A professional account with far more comprehensive services than a traditional bank Collection Cash your customers quickly and easily Accounting Anytime provides invoicing software, facilitates your accounting and helps you with administrative formalities. Financing Discover a wide range of services to support your growth. Whether you're self-employed or a large company, our solutions are tailored to your needs. Cash Management View the banking position of all your activities in real time. Put in place an analytical vision of your flows and give meaning back to your banking operations.
Mastercard business cards Discover the services and Mastercard cards available to you. Corporate expense management Capped Mastercard cards with employee rights management. Managing association expenses The dedicated solution for associations to manage their business expenses. Insurance and legal protection Insurance is included in cards or packages, and meets the needs of both the self-employed and large companies. Chartered Accountants To make your life easier and avoid errors in your declarations, entrust your accounting to chartered accountants.
Expense management
Rates

What does the future hold for fintechs post-Covid-19?

Published on June 22, 2020 - 2 mins reading time
Bank watch
Dutch investment fund Finch Capital recently published a report on the consequences of the health and economic crisis for the financial sector, and more specifically for fintechs. What are the challenges and opportunities ahead?

An economic crisis lasting several months

As Mikael Ptachek, Chairman of the Observatoire de la Fintech, points out in an interview with Finance Innovation magazine, French fintechs are "young, start-up, growth or hyper-growth companies. They are therefore fragile by nature". In this unprecedented context, it is therefore quite possible that those without sufficient resources will be forced to cease trading. The other concern lies with investors and fund-raising, which could be more timid than in recent years.

Experts estimate that the economic crisis in the financial sector will last at least a year, with a recession lasting until the third quarter of this year, a recovery at the end of the year or early next year, and a return to normal economic conditions by the second quarter of 2021 at the latest.

New opportunities post Covid-19

Alongside this rather gloomy picture, new opportunities are likely to emerge for fintechs.

The spread of telecommuting and recent developments linked to the health crisis will give digital a major role to play. Indeed, banking establishments are finding it difficult to reopen certain branches in compliance with health measures, which will lead to closures. Products aimed at the general public (account management, life insurance, mortgages, savings management) will therefore increasingly be offered via their sites or apps, as well as via fintech sites and apps.

Another new feature is that participatory financing players are now authorized to offer state-guaranteed loans to businesses, in the same way as banking institutions. A number of initiatives have been launched to make it easier for businesses to obtain loans or prepare applications. These include Kriptown and the WeShareBonds business loan platform.

Fintechs that seize post-Covid opportunities, linked in particular to banks' growing need for digital solutions, are likely to emerge as winners from this economic crisis. They are also likely to raise the most funds.