Fintech Nexus, initially established as LendIt in 2013, has announced its shutdown after a decade of significant influence in the fintech landscape, according to an announcement from its founders.
Originating as a platform for small gatherings, it quickly expanded to host 31 major global events.
This impressive growth was curtailed by financial challenges after the pandemic which caused them to take on additional financing — both debt and equity, leading to the sale of its event operations in 2023 to Fintech Meetup. They tried to make a successful digital media business without the events but ultimately it didn't work.
The closure of Fintech Nexus marks the end of an era for many in the fintech industry who have relied on their insights and coverage. Over the years, the platform has been a go-to source for the latest trends, news, and analysis in areas such as banking, crypto, Web3, and more. Despite the closure, the legacy of Fintech Nexus lives on through the 'Fintech One-on-One' podcast, continuing to offer valuable insights into the fintech industry.
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