Fintechs that raked in profits from high interest rates now face a key test

Key Points

In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates.
Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term.
Lindsey Naylor, partner at Bain & Company, said dropping benchmark rates could be “a test of the resilience of fintech firms’ business models.”

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