Airbnb IPO Afflicted?
The Financial Times has chosen to include an IPO in its discussion around fintech and the coronavirus and has noted that the pending IPO for Airbnb could be adversely affected due to the larger implications for travel that have resulted from the epidemic.
Transactions Slow Down
And finally, AsiaTechDaily has done the best job of noting the effects to fintech by correctly tying the coronavirus to the fundamental slow down of transactions at all levels – from supply chains to retail to conferences to theme parks. fewer transactions, fewer fees collected by companies on the payments side of the fintech sector.
The publisher also notes that venture capital is also drying up for startups as they sit in the sidelines to wait and see what the full fallout will be from the health crisis.
While all of the above items are technically “international” news (for now), and some are somewhat less dire than others, it is wise to take note of what is happening internationally so American firms in – or touching – the fintech sector are ahead of the curve when it comes to planning for potential business disruptions from the coronavirus.