SPACs were the defining fintech trend of 2021. They were a huge contribution to what ended as a record IPO year, and in 2021 alone, we saw a total of613 SPAC listings which raised $145billion – a 91 per cent increase from 2020.
Fast forward to 2022, the outlook is quite different. John Clark Managing Director, and the head of US operations at Royal Park Partners analyses fintech funding in 2021 and looks towards SPACs as the primary funding source.
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