Orange Growth Capital sees over 30 new fintech startups every week
Marc Bernegger · 20 VC 024: Financing Finch with Marc Bernegger of Orange Growth Capital · Apr 2, 2015 · at 3:29
Marc Bernegger, investor at Orange Growth Capital, contrasts 2015 fintech deal flow with the sparse market of 2010.
0:00 / 0:04exact quote · 4.8s
720p mp4 · rendered on demand · StarZero watermark
“Today, I think we see more than 30 companies, new companies a week in this field.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Marc Bernegger
Only a few European payment startups will survive the current hype
“If you look into the payment space, there's no way that yeah, all of these innovative players and ideas will succeed. So out of the hundreds of companies just in Europe, Focusing on, on these disruptive changes. I think that at the end, just a few will succeed…”
Offering traditional banking for free rarely builds a large business
“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.”
Fintech funding will triple again in 2015 alongside increased M&A
“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.”
Blockchain is a game changer, but Bitcoin faces a difficult future
“The future of blockchain is big. The future of Bitcoin is difficult, but I would separate it. So I think blockchain is really a game changer, and Bitcoin just a small part of the whole blockchain development.”
Major telcos will launch mobile payments to compete with Facebook and Snapchat
“I think there are much more other big players offering similar services in the next few months, including a lot of the big telcos, because they're not really interested just to let the Facebooks and Snapchats taking away this interesting interaction to the end…”