Brex might not be having a good couple of quarters, but there's sufficient positive news from the world of fintech to offset all the negativity around the sector. Bilt Rewards' new massive round is a good example of the other side of the coin: The rewards-focused startup just raised nine figures at a significantly higher unicorn valuation.
Before we dig into the good news, let's talk narratives. Why does fintech look like it's stuck in first gear today? A good portion of the current angst likely arises from a number of generally strong startups that raised too much at very high valuations several years ago. Those massive fundraises often led to overhiring and equity prices that don't align with today's norms.
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