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SoFi and Qapital are among the challenger banks that are finding ways to make money, a rarity in a sector where most companies have grown customer tallies faster than revenue.
PitchBook's Robert Le told Insider that crypto VCs don't want to repeat the same mistakes they made during the dot-com era by not investing.
Crypto startups finally felt the effects of an economic storm that has been cooling digital currencies, public stocks and venture capital all year. Funding to private crypto companies in the second quarter fell to its lowest level in a year, according to data from PitchBook.
View the San Francisco for Sunday, July 3, 2022
By Imani Moise, Siddharth Venkataramakrishnan and Joshua Oliver As a wave of fintechs rode successive funding rounds to ever-higher...