The FT reports that Europe’s newest fintech unicorns are shifting from flashy consumer apps to profitable B2B banking and software. Investors favour steadier revenue from SMEs, as niches like lending and payments deliver higher margins and durable growth.
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Less radical, more profitable: here come Europe’s new fintech unicorns
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Allica Bank, which last week raised fresh capital at a $1.2bn valuation, wants to bring back traditional relationship banking for midsized businesses, hence the orange headgear that appears in its...
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