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By Ben Edwards, Pensar Media The global fintech industry is expected to make a quick recovery from the coronavirus pandemic as fintech leaders say disruption from Covid-19 is unlikely to cause lasting damage to their businesses, according to a new survey from Pensar Media. The survey—Pandemic Pains: How the Covid-19 Crisis is Impacting the Fintech Industry—found that more than half of senior fintech professionals (55%) expect the industry to recover in 12 months or less.
About Latest Posts Andy Bojko Andy Bojko is the managing director of e-commerce clothing retailer, Hidepark. Andy has over 30 years of experience working with clothing retailers and has built his expertise in dealing with making fashion e-commerce sites a success. Entrepreneurs have faced an unprecedented year with the pandemic causing major disruptions to the way they operate.
Background In loan agreements, lenders customarily require the borrower to make various financial covenants whereby the borrower promises to achieve certain financial metrics, often requiring the borrower to stay above or below certain thresholds based on its operations. Since financial covenants are based on past financial performance, breaches of financial covenants typically cannot be cured in the absence of some sort of cure provision.
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