fintech

“So in London, we tend to really only do fintech right from the very start because we picked that there would be a huge group of investors around the fintech space and a lot of great exits.”

“Certainly in London, we are probably slightly more heavily weighted towards FinTech, for example, than we might be if we have a San Francisco fund.”

“Today, I think we see more than 30 companies, new companies a week in this field.”

“We will see similar growth in this year, just because also a little, a lot of big players out of the traditional financial industry are joining the game. So there will be more M&A activities, more even more fundings and investment rounds.”

“The general investments in fintech just tripled from 2000 13 to 14.”

“In 2010 when I was partner at Next Generation Finance Invest we yeah, looked at Europe, and we had I would say around 30 companies we would have defined as finance two point oh, or fintech, how you call it.”

“Just by offering the same service like a traditional bank is doing let's say for free and much more efficient. It's great for the customer, but perhaps difficult to build a big business out of it.”

“The opportunity for fintech today is the same opportunity I saw in ad tech 15 years ago. It's just a blue ocean.”

“No. No, because I would say London is, is certainly becoming a center of FinTech. I don't like to use the word Silicon Valley. That's a very unique ecosystem and geography and community. But I would certainly say that London is, you know, I, it's funny, I hear…”

“So at DAWN we look at two things. We look at enterprise software, which is mainly SaaS, but also a lot of open source stuff some on premise cyber security stuff and the second vertical we focus on is, is FinTech.”

“I work a lot with fintech companies and I'll tell you the thing that I want to fund right now. I think it's one of these things where there's just not nearly enough innovation happening except on the customer acquisition side. And I think that someone is going…”

“They're going to go and build the third wave, which is the 10, fifty, hundred billion dollar companies. And they're obviously not going to be competitive with the types of companies built in San Francisco in the same fields, not in sort of the information sear…”

“The distribution, I think, is probably more important. It's all about acquisition at the end of the day, and acquisition is incredibly important, and we've seen real innovation in fintech.”

“There's nothing good on fintech, I gotta say. I mean, I read the Wall Street Journal, and Telus Demos usually hits a lot of the, but there's not a really good fintech one.”

“So, so I think it's completely flawed for any business in a highly regulated industry. You know, this is obviously healthcare, a lot of FinTech. These are areas where the regulators have a huge say in what you can and can't do.”

“The reality is that the big banks have really been unaffected by fintech. You know, fintech has yet to really disrupt major parts of the market, and so I think it's still very, very early days, and it'll be exciting to watch what fintech does over the next 10 …”

“We always joke that FinTech isn't just a Stanford problem. Very hard to take two, 20 year olds in a garage and try to solve a problem. You really have to understand how the ecosystem works and how you fit into it.”

“Jan and Neil and Mark and our team have been very proactive in investing in fintech. And so we decided we're not going to call the company that's going to be successful, but we're going to invest across a whole roster of companies because we think that financi…”

“Fintech is becoming not just something that banks do, but it's something that all companies do. Anyone that has a financial relationship with a consumer continues to be a part of fintech”

“Fintech became 10 or 15% of the venture business, 20% some years.”

“I think fintech is booming. I don't think we're in a bubble. I think we're on the precipice of an explosion in activity in the space, and I'm all in.”

“And I went back and I looked at the world of FinTech, and I was really disappointed to see that I just didn't think there was as much innovation being made as I would have liked to see. A lot of companies were still focusing on unsecured lending.”

“This trend will continue, and what I believe will happen is that will drive change, and that change will be focused on an obsession with Consumer experience. So to the extent that they can bring in additional services, we're going to see a rebundling or reimag…”

“I believe with everything that I just said, I believe we are in our infancy in FinTech and there will be a second round. We saw this with the internet and it will happen here in FinTech. We will see a FinTech two point O and players will emerge that we have no…”

“So there's never an easy time for a bank to invest in fintechs unless they have their finger on the pulse and are monitoring the ecosystem really, really carefully. And very few of them do that.”

“So I see how challenged the banks are in being able to meet the needs of a digitalizing economy, and how difficult is it for them to compete with the burgeoning fintechs. So I believe, actually, there's a huge amount of open field running to come.”

“Like if you take the top seven, eight fintechs and the top seven, eight banks last year, Something like eight hundred billion dollars in market cap swap hands between them.”

“We talk about fintech being default local versus Default Global, because you want to hop from one country to the other, even if it's next door in Latin America, you've got a different set of regulation, a different set of infrastructure, probably a different s…”

“There was close to, I think it was a nine or ten billion dollars of venture funding poured into the region just in the last year. Half of that was fintech, by the way, right?”

“I think in the world of fintech more broadly, though, we're about to see the most seismic shift in terms of incumbents acquiring startups in the realization that they have to now. And actually, you know, they have to do it quite early as well. Otherwise they c…”

“I think in Latin America, it's going to take a little bit longer for a couple of reasons. One, they haven't felt yet as much of the competition, I would say, from the earlier fintechs”

“So I actually think we're going to see bigger companies built in this next wave than you saw in the first wave.”

“So I'm actually more bullish on the next 10 years than I have been on the last 10 years”

“Less than a billion dollars of capital was deployed globally in fintech in a year. And now you're looking at 30 plus billion a Quarter being deployed into fintech.”

“The banks so far have held up generally much better than the fintechs in the public markets, and so valuation environment might become more conducive to some more sort of fintech to bank type M&A. We've started to see some of it. I think there's probably more …”

“We've seen a number of our companies in our portfolio actively buying three, four, five companies a year over the last couple of years.”

“And given the increase in funding that happened, I think there's a 10 X increase in funding over the last few years, you will see the rationalizing of this market with companies that just haven't achieved product market fit.”

“And so, I see the next 10 years of interesting companies being developed around expenses, expense management, and then infrastructure as the second component.”

“I think now we're in a much better place and the people that, that incremental founder that was building in fintech because it was cool is now building a gen AI tool.”

“So I don't think fintech's dead. I think we're just back to where we were a few years ago.”

“Brand people need to know that the culture of the place that they are doing branding too. Performance works pretty similarly in a lot of different places, right? And then like maybe fintech is a good example where just like the core business models and the inf…”

“I think there is a negative correlation between the maturity of the economy and the penetration of fintech.”

“In fintech, the most knowledgeable people were a bunch of the east coast funds that knew that had come, had spent two decades inside of financial institutions and knew the market way better than the west coast funds. And they outsmarted themselves from every m…”

“Matt Harris is, is probably the smartest and best fintech investor out there. I mean, you know, Ribbit's obviously incredible as well, but Matt Harris, I think, you know, has kind of set the direction of fintech for a very long time.”

“If you want to invest in a fintech company today, like actually a lot of these companies are making amazing strides towards profitability. They're not having, you know, everyone and their mother throwing capital at them. And you can find some really good busin…”

“Like, I don't think I would be that excited to back a founder who built Fintech company one and then goes on to build Fintech company two.”

“I don't think defense is a category. And you're like, what? A category is enough that can support an ecosystem with its breadth and depth. I don't think defense is. I think there is your andrills and maybe two to three more in the U.S., and I think there's, yo…”

“Fintech multiples tend to be significantly more bounded than open-ended AI multiples.”

“Even the most deluded AI believer doesn't think that they're going to take over fintech and doesn't take over, they're going to take over energy. So I agree. You can, let me be clear, you can invest comfortably in those two areas and not have to spend a ton of…”

“If you're moving money, you're generally in a good place. So anything touches money, We feel there's a very strong moat there, a much more defensible.”