A fintech bubble is emerging and President Donald Trump's preference for deregulation is risking the collapse of the sector, according to Liquidnet CEO Seth Merrin, the man considered the founder of modern financial analytics. “There certainly has been a fintech bubble,” Merrin said. “It's just that it's not going away anytime soon.” He added that Trump's vow to roll back regulations "has taken the shine" off the fintech sector. Merrin said in 2011 about $2.5bn was invested in fintech companies; now the figure is $40bn.
A fintech bubble is emerging and President Donald Trump's preference for deregulation is risking the collapse of the sector, according to Liquidnet CEO Seth Merrin, the man considered the founder of modern financial analytics. “There certainly has been a fintech bubble,” Merrin said. “I don’t know if it is going to burst.” He added that Trump's vow to roll back regulations "has taken the shine" off the fintech sector. Merrin said in 2011 about $2.5bn was invested in fintech companies; now the figure is $40bn.