The FinTech bubble...of course there are many companies that should not get either big amounts of money or high valuations, but looking at the underlying growth and customers loving many of the FinTech start-ups not sure it is all a bubble. The .com bubble was a bubble, but the way we work and interact fundamentally changed
Neighborly, a municipal finance startup that just raised $5.5 million despite the lack of a proven revenue model, offers more evidence that the Fintech boom has become a DotCom-style bubble. At its founding, Neighborly created a crowdfunding model for civic projects. People who wanted to contribute to local infrastructure projects could donate to these initiatives on the Neighborly platform. Unfortunately, there are a couple of problems with this business. First, general purpose crowdfunding platforms like Indiegogo can be used to raise money for civic projects and have a lot more traffic.
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