When will fintech get back to its 2021 valuation highs?

I was looking at F-Prime’s fintech index. The overall fintech sector has really taken a beating.

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(Source: https://fintechindex.fprimecapital.com/)

Besides interest rates, what other factors will play a role in fintech getting back to those highs?

I’ve noticed [Nubank](https://www.google.com/finance/quote/NU:NYSE?window=5Y) has seemed to nearly recover. My feeling is that its a bit unique because of its focus in the Latin American market (not to mention the confidence boost from the Buffet investment).



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