According to Bahaa Abdul Hussein, The term “unicorn” doesn’t seem to threaten or matter much to bankers on its own. After all, unicorns are only found in myth and folklore and have no connection to the icy, hard facts of money.

1. A “Fintech Unicorn,” what is it? - Bahaa
Abdul Hussein
According to Bahaa Abdul Hussein, The term “unicorn” doesn’t seem to threaten or
matter much to bankers on its own. After all, unicorns are only found in myth and
folklore and have no connection to the icy, hard facts of money.
A “unicorn” is a startup business that has received an investment of $1 billion, not a
real or mythical beast, according to investors and venture capital companies.
Although certain businesses had developed into giant unicorns that she named
“super unicorns,” like Google and Amazon. The term “unicorn” was first used in 2013
when the unicorn population was still relatively limited.
Rapidly growing Unicorn
The fintech trend was gaining momentum. The moniker “fintech unicorn” was
created. Without cards or a membership kit, it is still a gift to entrepreneurs’ egos and
headline writers eager to elevate thriving businesses.
Rapidly growing Unicorns Although these businesses exist and unicorns ostensibly
don’t, we enjoy the name since it conjures up an incredibly unique and fantastic
creature.
The list of unicorns has expanded beyond the “rare” aspect, particularly the financial
unicorns. A little over 1,000 companies are included on the CB Insights list, broken
into categories.
On one unicorn listing, fintech unicorns now lead the pack in terms of the number of
companies. The names of some of the 200+ firms on the list of fintech unicorns.
Many of these should be recognizable to frequent readers of The Financial Times,
making this of more than just background interest.
Will the unicorn craze last for a while?
The number of unicorns has been increasing, according to data by Crunchbase
published in early 2022. The desire for profitable investments propelled venture
capitalists and others to spend more money on startups, accelerating the ascent of
many more companies to unicorn status.
Depending on its own database of unicorns, Crunchbase claims that firms in the
fintech and, especially, the cryptocurrency industries were more likely to reach a high
value during early fundraising rounds. “20 firms classified under the fintech category

2. reached a $1 billion-plus value in early rounds last year, while 16 companies labeled
as cryptocurrency startups achieved the same.”
It remains to be seen how the fintech unicorn market will develop in the future.
According to venture capital news articles, the years 2020 and 2021 may have been
particularly prosperous (“gold rush”) in nature. There have been some signs that it
will be more difficult to recruit investments.
Additionally, it has been suggested that obtaining the trend name “unicorn” alone
would not be sufficient. Investors want to see reliable returns. Thank you for your
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