Photo of Simon Schmincke, partner at Creandum

Interview

January 23, 2024

No big fintech is going to IPO soon, says top European fintech investor

Creandum’s Simon Schmincke talks about the problem with the IPO window in 2024, M&A and what every fintech is discussing in its board room

Anne Sraders

5 min read

It’s been a tough time for fintech: 2023 saw the value of deals in the sector — which includes startups that run the gamut from neobanks to trading apps — plummet over 65% in Europe, per PitchBook data, while once-active early-stage VCs pulled back on their fintech budgets. 

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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