Are loss-making fintech investment providers worth the risk?

Robo Advisor Nutmeg reported annual results to the end of December 2019 yesterday and they didn’t make pretty reading, as the business lost £22.0 million over the course of last year, despite a rise in both client numbers and business turnover.

That means that Nutmeg burned through £420,000 per week last year, the 2019 losses were up by £3.60 mi...