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Due diligence makes a comeback and a former Better.com employee speaks out – TechCrunch

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Welcome to my new weekly fintech focused column. I have been publishing this every Sunday but on March 27, this column turns into a newsletter! So, if you want to have it hit your inbox directly starting then, sign up here.

2021 was a record year for venture capital fundraising, and fintechs were the largest recipients of funding worldwide, with about 21% of all venture dollars last year going into fintech startups.

We all knew – or at least some of us did, ahem – that this was likely not sustainable in the long term. Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing.

So as the first quarter draws to a close, it’s clear that while in no way have fundraises come to a screeching halt, investors are starting to pump the brakes. Generally, it appears we are experiencing a market pullback – which Alex touches on in this piece – precipitated by a number of things, not the least of which – the conflict in Ukraine and disappointing performances by companies who went public in the last year. And fintech, last…

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