What are the hottest opportunities in fintech? And what should every founder know when setting up their own fintech company?
These were just two of the topics discussed in last week’s roundtable, produced in partnership with Mastercard.
The Association of Banks of Mexico (ABM) reported that it is preparing a document for the authorities to request "an even floor" to compete with financial technology (fintech) companies and will request that they make their costs transparent to users.
From eye-watering funding rounds to the acceleration of digital payments and the rise of ecommerce - the fintech sector has continued to demonstrate its innovation and agility, even in the most challenging of times. With the new year just around the corner, this is an opportune time to take a moment to reflect on some of this year’s most prominent fintech trends, before sharing some predictions for what is to come in 2022.
The last two years produced an acceleration in the creation of VC-backed tech unicorns, with the count going from 100 at the end of 2019 to more than 200 already at the end of 2021 according to the State of European Tech report. Total funding across Europe smashed records, with founders pulling in $121 billion from investors who are closing deals faster and at ever high valuations.
So what is driving this increase? Is it justified? What does it even mean for a startup to be overvalued? What can we learn from our data?