This current crisis is the most humanizing shared experience to which the modern financial-services industry has been exposed—an industry that’s been around since before money-changing tables were turned over in temples.
There are two types of venture capitalists: those who jump for publicity — turning to Twitter as a personal megaphone — and those who are so discreet you barely know they exist.
While the category has heated up quickly, the sheer size of the fintech opportunity suggests that these exits are just the tip of the iceberg. In the next five years, fintech will drive some of the biggest VC exits.
With a world that is becoming increasingly complex, both consumers and businesses are actively seeking out financial service providers that can achieve their financial goals in a manner that’s relevant and seamless. The fewer steps it takes to achieve any objective, the better.
Even though the pandemic accelerated opportunities for digitalization and agile infrastructures, it's too early to break out the party hats. The demand boost for e-commerce and internet banking highlighted the vulnerabilities of many prominent corporations' online presences and led to several major cybersecurity attacks.
“Life is lumpy.” Robert Fulgrum’s words, not mine. But truer words have not been spoken.
Acknowledging the lumpiness and unpredictability of life is not about imparting wisdom by the way. Far from it. Rather it’s about reminding everyone what game we are playing. What we all signed up for. In life and business.
2020 did not turn out the way any of us expected. With a tsunami of megadeals being announced in the first few weeks of the year, many predicted that it would be yet another banner year for fintech funding and M&A activities. Then came the pandemic.