Analyses Made Easy
Charting the COVID Effect on Fintech*
*All graphs and figures are taken directly from the a16z report, which was put together by Anish Acharya, Seema Amble, Rex Salisbury, Matthieu Hafemeister, and Lauren Murrow. The report seeks to unearth the actual figures behind the widespread hype around fintech since the outbreak of the pandemic.
As interest rates remain at an all-time low, for those who kept their jobs, it is an excellent time to take out a loan. Charge-offs, which occur when a consumer fails to pay down a loan for six months, actually declined during the lockdown, with 25% of stimulus checks being used to pay down debt. Online loans, which were already on the up, saw a spike in interest (see graph).
The booming stock market has provided another avenue for fintech spending. Platforms like...
