Fintech startups in Asia are proving to be formidable competitors to traditional banks, offering a slew of financial services, but many are bleeding cash (Financial Times)
Financial Times:
Fintech startups in Asia are proving to be formidable competitors to traditional banks, offering a slew of financial services, but many are bleeding cash — Rice Basket Queen is the name of a stall run by Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago it was typical of thousands of others.
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