Hi all, welcome to the last weekly recap in this year. Last week was especially great week for europan fintechs - 5 of them raised over €220M. Banks could close you are account if you were depositing money to FTX, as some Twitter users are reporting. Of course, in that case, the bank will send you the check with the money you had in the account, but still, it is unpleasant to experience.
A lot of fintech funding is related to debt. This concerns me, since debt levels are near all time highs.