Accredited Investors are welcome to join us for a mastermind zoom call about FinTech based on research provided by March 24th PitchBook FinTech Report for 2022. Contact Shash M via LinkedIn or use this URL:
Since the global financial crisis (GFC), fintech has been one of the most well-funded and one of the fastest-growing areas of emerging technology. The expansion of the sector was largely a technological response to the shortcomings of the traditional financial services industry, which came under extreme pressure during and after the GFC. The COVID-19 pandemic has further accelerated the transformation of financial services toward digitization as consumers and businesses became more reliant on and comfortable with conducting financial services through online channels and mobile applications. These trends benefit the growing ecosystem of fintech startups seeking to address emerging opportunities.
Mobile wallets, slow to gain adoption in the US, saw the percentage of use by adults jump from about 30% before the pandemic to 58% in 2020, and then a further increase to 68%
in 2021.1 Partly due to lockdown boredom, retail investors flocked to mobile trading apps, leading to a jump in average US equities trading volume of 34% YoY in October 2021.2 These industry tailwinds will continue to drive investment capital into fintech companies across both private and public markets. While some areas of fintech—such as buy now, pay later (BNPL) and real estate lending platforms—are maturing and attracting relatively more late-stage growth and public capital, other areas—such as decentralized finance (DeFi) and autonomous finance—have just begun raising early-stage institutional capital. These growth trends are converging with several other important disruptive forces impacting the financial services ecosystem, including real-time payments, real-time transaction settlement, and core banking migration. These long-term transformation trends continue to attract investment across a range of stakeholders—including financial institutions, governments, and corporations.
ACCREDITED INVESTOR ONLY
Accredited Investors are welcome to join us for a mastermind zoom call about FinTech based on research provided by March 24th PitchBook FinTech Report for 2022. Contact Shash M via LinkedIn or use this link: